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Thursday, January 05, 2006
Little Dogs
This Profit Track looks for stocks that are paying dividend yields of greater than 8% along with other attractive fundamental attributes. Although this screen is based on a long-term and lower risk approach to investing, it has consistently beaten the S&P 500 for with returns such as +19.5% in 2004 and +10.7% in 2005.
Here are four stocks that make the grade for the Growth and Income Profit Track:
American Capital Strategies Ltd (NASDAQ: ACAS), which has a current yield of 8.64%, recently declared an additional 2005 dividend of three cents per share. ACAS noted that total dividends declared for 2005 equal $3.08 per share, an increase of 6% over 2004. In early November, the company reported third-quarter earnings of 82 cents per share. The result topped the consensus estimate by about 5% and outpaced the year prior total. Continue your research on ACAS at http://at.zacks.com/?id=2389
Diana Shipping, Inc. (NYSE: DSX) meets the criteria of this profit track with a favorable yield of 15.16%. The company recently reaffirmed its fourth-quarter dividend guidance, stating that it expects the dividend to exceed 36 cents per share. DSX expects to declare the dividend in early February 2006. In late October, the global provider of shipping transportation services announced third-quarter earnings per share that were almost 8% ahead of the consensus estimate. Continue your research on DSX at http://at.zacks.com/?id=2390.
New Century Financial Corporation (NYSE: NEW), a real estate investment trust (REIT) and parent company of one of the nation's premier full-service mortgage finance companies, is yielding an impressive 18.43%. NEW recently declared a dividend of $1.70 per share for the fourth quarter. The company mentioned that this is the fourth consecutive increase in the dividend since electing to become a REIT in the fourth quarter of 2004. Continue your research on NEW at http://at.zacks.com/?id=2391.
RAIT Investment Trust (NYSE: RAS), a real estate investment trust, satisfies the criteria of this Profit Track with a yield of 9.38%. The company recently declared a fourth-quarter dividend of 61 cents per share. In early November, RAIT Investment Trust posted third-quarter earnings of 65 cents per share, outperforming the previous year's earnings of 63 cents per share. Continue your research on ACAS at http://at.zacks.com/?id=2392.
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