I ran a quick screen this morning of stocks that are 4 or 5 star rated by S & P and have a yield of 6% or higher. I am taking a look to see if there are some good quality stocks that I want to purchase. This is a good place to start and I will do some additional reseach to see if I will add any to my portfolio.
Company Dividend Yield
AllianceBernstein (AB) 7.57%
American Capital Strategies, Ltd. (ACAS) 12.58%
Annaly Capital Management, Inc. (NLY) 7.14%
Apollo Investment Corp. (AINV) 14.07%
Asbury Automotive Group, Inc. (ABG) 6.87%
Bank of America Corporation (BAC) 6.48%
Buckeye Partners, L.P. (BPL) 6.92%
Citizens Communications (CZN) 9.30%
Developers Diversified Realty Corp (DDR) 7.28%
Duke Realty Corporation (DRE) 8.16%
Energy Transfer Partners, L.P. (ETP) 8.85%
First Industrial Realty Trust, Inc. (FR) 8.34%
FTD Group, Inc. (FTD) 6.60%
Genesis Lease Limited ADR (GLS) 10.63%
Kinder Morgan Energy Partners LP (KMP) 6.55%
Mack-Cali Realty Corp. (CLI) 7.74%
National Retail Properties, Inc. (NNN) 6.31%
Northstar Realty Finance Corp. (NRF) 16.57%
Oneok Partners LP (OKS) 6.56%
Pennsylvania R.E.I.T. (PEI) 9.56%
Plains All American Pipeline, L.P. (PAA) 6.96%
Ship Finance International Ltd. (SFL) 9.24%
Sunoco Logistics Partners L.P. (SXL) 6.95%
Telecom Italia S.p.A. ADR (TI) 6.44%
TEPPCO Partners, L.P. (TPP) 7.43%
The McClatchy Company (MNI) 7.07%
The New York Times Company (NYT) 6.28%
Warner Music Group Corp. (WMG) 7.69%
Weingarten Realty Investors (WRI) 6.28%
Windstream Corporation (WIN) 9.07%
The Div Guy owns shares of ACAS, BAC, KMP and WRI
Dividend Stocks: Screen of High Yield Dividend Stocks
Posted by Div Guy | Monday, January 28, 2008 | dividend stock, investing, stock | 8 comments »
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DivGuy, nice list to follow. But please be extra careful with very high-dividend yields - they simply might not be sustainable. Nice blog you have. Keep up the good work!
I'm surprised you don't have Frontline Ltd (FRO) on the list. It's currently at a 15.1% yield
GD,
I like to have a mix of high yield and more conservative dividend stocks. I have held ACAS for a few years now and I am comfortable with the risk.
Anon,
FRO have been downgraded from 5 stars to 3 so it didn't make this screen. This is a list to start looking at some better run high dividend yield stocks. But remember American Home Mortgage was rated 5 stars by S&P a couple of days before it went under.
You might want to consider Realty Income Corp (O). Its rated A by S&P - It currently yields 7% a level it hasn't reach since 2002. The company acquires properties from retailers and leases it back to them thus furnishing cash flow for expansion. O concentrates on retail chains that provides basic goods and services. The company is well diversified and has stringent criteria for buying properties. No more than 10% of its portfolio is rented to any one retail chain and it limits exposure to 20% per industry. It has weathered bear markets as well in the past collecting 98% of its contracted rental income. Very solid company.
Alain,
Thanks for the idea. O looks like a solid performer and has held up well in the downturn but I own WRI which is very similar to O. I also have enough in REITs at this time with WRI, CLP and HRP.
O is currently my only REIT although I have been looking at the 3 mentioned in your post.
I also own ACAS and actually increased my position when it went below 30$.
All in all the depressed prices we have recently seen will be a boon long term for income investor.
I enjoy your blog so thanks for doing it.
I have been buying addition shares of ACAS and other financials at there low prices and I also think these will be great long term holdings.
Div Guy
What screening service do you use?