Alan Greenspan may yet save the world economy with his barrage of interest-rate cuts. But the Federal Reserve's war on hard times is claiming heavy casualties among conservative investors who have seen their fixed income wither away. With money-market mutual funds now yielding close to 0% after fees and taxes, these investors face some tough choices. But one they might not have considered before--stocks that pay dividends--is looking better every day.
The economy is slowly recovering, making stock dividends more secure. And companies from Microsoft to Tiffany are initiating or boosting dividends to take advantage of new laws that apply the...
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