This article will focus on a stock screen that I ran looking for high paying dividend stocks with yields that are 7% or more. It focused only on stocks that are a component of the NYSE or the NASDAQ, also on stocks that have market caps that qualify them as a small cap or larger, that have had price gains in the last 52 weeks of 50% or higher, and on stocks that have a dividend yield of at least 7%. This stock screen was designed to find companies with outsized dividends that have had tremendous stock price increases over the past 52 weeks. This would give me as an investor an indication that with growing stock prices, the likelihood that these dividends can be maintained is greater than it would be if the stock price has been stagnant or in decline, all else equal.
Please note that on the following stocks, no further research other than what is being presented has been conducted. These stocks pay a high dividend yield and with that, comes risk that they will not be able to continue paying these dividends. Please conduct your own research and due diligence before deciding if you would like to invest in these stocks. This is just providing information on what I came across when looking for these type of stocks. With a stock screener like this, a lot of times one has to come across many stocks that are no good before finding one that is good. At least, that has been my experience. That being said, here are the stocks. This screener was run on 12/25/2012, when the stock market was closed. It produced five stocks.
The first stock this screener produced is Calumet Specialty Product Partners, L.P (CLMT). Its current market capitalization is $1.79 Billion. This stock is in the energy sector. Over the past 52 weeks, the stock price is up 59.27%. It currently pays a dividend of $2.48 annually, which gives it a 7.9% annual dividend yield. This dividend is paid out quarterly. There have been four dividend payouts in 2012 and in each quarter, the quarterly amount has been increased from the previous payout.
The next stock produced in this screener is Newcastle Investment Corp. (NCT). Its current market cap is $1.5 Billion. This stock is in real estate services. Over the past 52 weeks, the stock price is up 76.53%. It currently pays a dividend of .88 per year, giving it a dividend yield of 10.2%. This dividend is paid out quarterly. It has a forward p/e ratio of 6.87.
For the third stock from this stock screener, we have Rentech Nitrogen Partners LP (RNF). Its current market cap is $1.5 Billion. The company is in the basic materials sector, specifically in chemical manufacturing. Over the past 52 weeks, the stock is up a whopping 119.94%. It currently pays an annual dividend of $3.40, giving it a dividend yield of 8.9%. This dividend amount is paid out quarterly or so, as it has had three payouts in 2012. It has a forward p/e ratio of 11.47.
The next stock produced by this screener is Ship Finance International Limited (SFL). Its current market cap is $1.4 Billion. The company is in the water transportation industry. Its stock price has increased by 70.47% over the past 52 weeks. The company currently pays an annual dividend of $1.56, giving it a dividend yield of 9.7%. It pays its dividend quarterly. It has a forward p/e ratio of 10.38.
The final stock produced by this screener is Soufun Holdings Limited ADR (SFUN). Its current market cap is $1.9 Billion. Its stock price has increased by 75.35% over the past 52 weeks. It is in the technology (computer services) sector. It currently pays a dividend of $2.00 per year which gives it an annual yield of 8.20%. This dividend looks like it is paid semi annually, at $1.00 per payment. It has a forward p/e ratio of 10.81.
This stock screener produced stocks from different industries which I think is a nice bonus. A lot of times, a stock screener like this will only produce stocks from one industry. The following is a stock price chart for the recent two years of these companies.
CLMT data by YCharts
There you have it, five outsized dividend payers that have high (over 50%) stock price increases over the past 52 weeks. This is a great list to conduct further research on I would say.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.