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Huge dividends from stocks in unlikely industries

Owning stock in companies that pay good, steady dividends is surest way for a middle-income investor to get rich in the stock market. It takes a long time, of course, and there are no guarantees. Surest is not sure, but a dedicated dividend investor of reasonable, or greater, intelligence will succeed unless beset by the worst possible luck. The bigger problem, of course is the time. One has to be patient for 30 years to get rich; one only has to be impatient for twelve seconds to lose everything.

And dividend-paying companies do begin to look familiar after a time, don’t they? By now you’ve looked at the mortgage REITs, the midstream MLPs, the investment groups, the telecom companies, the utilities…

Today I put forth some companies that pay great dividends from other, somewhat less obvious industries. I do this not only to encourage diversity, but in hopes that it will make the dividend game a little more interesting, thus encouraging investors to remain patient. As always, consider these ideas just that, ideas, and do your own research before making any investment decision.

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Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.