Van Kampen Senior, Inc.me Trust (AMEX:VVR)
An investment trust company.
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rising interest rates will increase the nice 6% dividend
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Great dividend payer, not very leveraged (so risk of banks calling their debt are low), been beaten up w/ some other financial stocks. With the way the dividend works in CAPS, my initial investment in this will be zero in 12 years, so my returns will be infinite! (At least I am guessing this will happen w/out putting much thought into it, but I can't really think it is that easy to game the system, is it)?
Either way, I think this one will hold up ok.
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Huge dividend yield
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Watch this one go - better get in before the spike.
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