Yield-starved investors turn to high-dividend payers to squeeze out some cash flow, but how do you squeeze extra yield out of the market without blowing your risk budget?

When in doubt, if traditional valuation models are not producing reliable results, advisors should look for other measures to guide their decision-making.

In recent years, master-limited partnerships soared in popularity as investors sought out the high yields and tax advantages afforded by their pass-through income structure—no tax is levied at the corporate level as most income gets paid out...