Bonds and term deposits are a desert if you’re looking for 5-per-cent yields, but you do have options.
High-yield bonds, covered call exchange-traded funds, real estate investment trusts and mortgage investment corporations are a few of them. Others you can find hiding in plain sight. They’re stocks that are part of the S&P/TSX 60 index, which is Canada’s benchmark for big, blue-chip companies that are publicly traded. As of late May, five stocks in the 60 index offered yields above the 5-per-cent threshold: