About 10-15 years ago, there was a publicly-traded operator of funeral homes, Stonemor or something like that, that used to spit out 10-15%+ dividends annually. I'm no expert on this, but I think many of that sort of very-high dividend stock companies (some pipeliners too, and sometimes very risky, often Greece-based, dry-bulk shipping companies) are actually partnerships or trusts--some of which expire on a certain date. So I would get these sort of "weird" tax documents from them each year. I'd scratch my head and then send them directly to my CPA.
(But I'm definitely not recommending any of this stuff. All should talk with a qualified investment advisor before dabbling in this strange brew of ultra-high dividend investments.)
Last edited: Jul 15, 2022