You answered a previous question by suggesting that two women invest the proceeds from the sale of a summer house in a utility income stock yielding around 13 percent. What stock was that? -- C.W.
The specific stock in mind was Philadelphia Electric common, which has been selling around $14 a share and pays annual dividends of $1.80, for a yield of 12 .8 percent at those values. Many other utility shares are available that yield similar returns. Ask your stockbroker for specific recommendations. Or you can look through the stock quotations any day and pick out those stocks with high dividends.