Most investors know that buying the U.S. 30-year Treasury bond at a 2.17% yield logically makes little sense, especially with yields hitting lows seen just once in almost 60 years. The only thing worse would be buying European sovereign debt yielding even less or having negative yields. Sure both are safer than stocks that pay dividends, but the almost nonexistent yields are hardly worth it.

We screened our Wall Street Research database and found four companies to buy now that all yield more than 8% and are not trading at all-time highs like the current market is. While more suited for aggressive income accounts, they could be outstanding total return vehicle for investors.

Blackstone Group

This top money management company makes solid sense for aggressive income investors. The Blackstone Group L.P. (NYSE: BX) provides financial advisory services to its clients, including public and corporate pension funds and academic, cultural and charitable organizations. The firm manages separate client-focused portfolios. Blackstone also launches and manages private equity funds, real estate funds, funds of hedge funds and credit-focused funds for its clients. It invests in private equity, public equity, fixed income and alternative investment markets.

Blackstone investors receive an outstanding 8.57% distribution. The Jefferies price objective for the stock is $31, and the consensus target price is $29. Shares closed Wednesday at $24.80.

Frontier Communications

This is a rural local exchange carrier that Merrill Lynch has remained positive on. Frontier Communications Corp. (NASDAQ: FTR) offers broadband, voice, video, wireless internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses and home offices and advanced business communications for medium and large businesses in 28 states. Its approximately 17,800 employees are based entirely in the United States. Wall Street analysts note that the company has taken broadband share in almost 80% of operating markets last year.

The company reported a better than anticipated first-quarter EBITDA number and guided in line to ahead of Wall Street estimates on post-Verizon deal cash flow. Frontier is the highest yielding non-energy component in the S&P 500.

Frontier investors receive an 8.55% dividend. Merrill Lynch has a massive $9 price target. The consensus target is $6, and shares closed Wednesday at $5.06.

Starwood Property Trust

This top real estate company also makes good sense for income investors now. Starwood Property Trust Inc. (NYSE: STWD) is an affiliate of global private investment firm Starwood Capital Group and is the largest commercial mortgage real estate investment trust (REIT) in the United States.

Its core business focuses on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. Through its subsidiaries LNR Property and Hatfield Philips International, Starwood Property Trust also operates as the largest commercial mortgage special servicer in the United States and one of the largest primary and special servicers in Europe.

The company posted solid earnings back in May that were ahead of the Merrill Lynch estimates. The analysts felt the earnings were good given market volatility prevalent during the second quarter. Earnings momentum should also continue as the company accelerates the pace of capital deployment in coming quarters.

Investors are paid an outstanding 9.18% distribution. The $21.50 Merrill Lynch price target compares with the consensus of $21.89 and the most recent closing share price of $21.03.

Triangle Capital

This top business development company (BDC) make sense for aggressive investors. Triangle Capital Corp. (NASDAQ: TCAP) specializes in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing and recapitalizations in lower middle market, mature and later stage companies.

The firm prefers to make investments in many business sectors, including manufacturing, distribution, transportation, energy, communications, health services, restaurants, media and others. It primarily invests in companies located throughout the United States, with an emphasis on the Southeast and mid-Atlantic.

While the company recently cut its payout 17% in May, that bodes well for new shareholders at it is very unlikely it will have another cut anytime soon. In addition, the company is currently earning more in investment income than it is paying out by a large margin.

Shareholders receive a 9.1% distribution. The Jefferies price target is posted at $20. The consensus target is $20.77. The shares closed Wednesday at $19.79.

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These four big yielding ideas make sense for aggressive accounts looking for some growth, but with continued outstanding distributions. While not suitable for all, the upside here looks solid, especially with the Brexit vote out of the way and decent earnings expected.

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