For those willing to take some risk, the strategies described in this Seeking Alpha series, "Income in a Zero-Rate World
", may be something to try for those seeking higher yields.
In the latest article, the author reviews the 18-month performance of several high-dividend paying assets along with a hedge to protect the investments. The portfolio did well with capital appreciation and high yields. However, the market did not provide a test for the hedging tool. He does admit that hedging like this is far from perfect. So if the investments don't perform well, the hedge may not help much to minimize the loss.