Monitor This Dividend-Paying Theme

Dividend paying stocks have come in a lot in recent weeks. The "bond equivalent" sectors have led declines. Vanguard Utilities ETF (VPU) has declined 11%. Consumer Staples Select Sector SPDR (XLP) has declined by nearly 7%. And the Vanguard REIT Index ETF (VNQ) has declined by over 14%.

But one popular dividend-paying theme hasn't come in yet: pipeline master limited partnerships (MLPs). Like many dividend payers, they've had quite a run in 2012 and early 2013. But unlike the others, pipelines are still riding high and are well above most historic valuations. The Alerian Pipeline MLP Index (^AMZ) has not even come down 4%. True, domestic pipeline companies have a great bullish story, but you should still hold off on adding most pipeline MLPs. Below are three of my favorites, only one of which has come in significantly....462 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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