At least 5% dividend.
2007-05-23 09:32:05 · 3 answers · asked by Sixthofseven 1 in Business & Finance ➔ Investing
I am looking for 5% dividend municipal bond in the state of New Jersey that is insured.
2007-05-23 10:54:28 · update #1
That would be nice for sure. I don't think you will find one with those characteristics in this interest rate environment. About 4% is the best you can expect for a bond with a 10 year maturity. Fidelity's New Jersey muni bond fund yields about 3.5%.
2007-05-23 11:46:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The New Jersey municipal bond fund that meets your 5% criteria
( 5.06%) is Blackrock New Jersey - symbol BLJ. Unless you are investing a relatively large amount, a muni fund is usually the best way to invest. The earnings are both Fed and state tax free to NJ residents.
2007-05-23 11:53:57 · answer #2 · answered by oakhill 6 · 0⤊ 0⤋
That would depend on where you are located.
2007-05-23 09:55:21 · answer #3 · answered by BosCFA 5 · 0⤊ 0⤋