Safe Bond (PMK)

In this low interest environment, it is nice to find a relatively safe bond or preferred stock that pays > 8%. One of the ones that are really like that Ive mentioned before is PMK. PMK pays a monthly dividend (.o71cents) and in total pays .85cents per year. It is currently 9.75 so it pays a yield of > 8.5%. The par value is $10 and it matures in 2018.

The company (PMACA) is relatively safe profitable insurance company. Also, it is important that the bond matures in 2018 as opposed to something longer like 2040 since people are expecting an inflationary environment in the near future.