March 15, 2013 at 17:18 PM EDT
Prison Operators Geo And Corrections Pay Big Yields
When it comes to dividend stocks, utilities, food and financials usually come to mind. But prison operators Geo Group (GEO) and Corrections Corporation of America (CXW) also pay large dividends. Both companies recently converted to real estate investment trusts or REITs, where at least 90% of taxable income has to be distributed to shareholders as dividends. Companies operating under the REIT structure tend to pay out much higher yields. Boca
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