By Dr. Carla Pasternak
Utilities and other safe income plays often lose their luster as rates rise. These so-called bond-like equities trade like bonds. Their share prices retreat when rates are expected to rise, and their yields, which move inversely to the share price, rise to compete with higher bond yields.
But not all income stocks trade like bonds. One class of dividend payers, sporting average yields of about 10%, is actually set to benefit from rising interest rates.