All of these companies pay very generous dividends of up to 15%. In this low rate environment, these stocks offer great alternatives to other low yielding investments. Furthermore, the dividends look to be safe with these companies as their earnings power per share indicates they are not at risk of a meaningful dividend cut. With the dividends looking solid here, and earnings continuing to grow, it's possible these stocks could see significant share price appreciation as well. Here are the high yield dividend stocks to consider:
Banco Santander (STD) is trading at $11.96. STD is a major bank and is based in Spain. These shares have a 52 week range of $8.65 and $14.80. The 50 day moving average is $11.67 and the 200 day moving average is $11.55, so the shares are trading close to support levels.
Why Banco Santander shares might be a solid dividend play: Estimates for STD are at $1.56 per share in 2011 and $1.39 for 2012. Book value is stated at $11.87. The headlines about Spain, Portugal and other countries have been very negative lately over concerns of sovereign debt defaults and the Euro as a currency. Because of this headline risk, I would not take a huge position now, but the dividend is compelling at close to $1 per share which is equivalent to a ~8% yield.
France Telecom SA (FTE) is trading at $22.81. France Telecom is one of the leading telecommunications companies in France. These shares have traded in a range between $17.26 to $24.60 over the past 52 weeks. The 50 day moving average is $22.28 and the 200 day moving average is $21.75. FTE earnings estimates are about $2.36 per share in 2011. This puts the PE ratio at about 8 which is very reasonable.
Why France Telecom shares might be a solid dividend play: The dividend is about $1.94 per year which results in a yield of about 8%. This stock looks like a strong buy around $22 which is close to the 200 day moving average.
One Liberty Properties
) is trading around $15.10. One Liberty is based in New York and invests primarily in commercial properties. These shares have traded in a range between $13.74 to $18.80 in the last 52 weeks. The 50 day moving average is $14.98 and the 200 day moving average is $15.27. The book value is stated at $16.13.
Why One Liberty shares might be a solid dividend play: An insider recently bought 10,000 shares, which you can see here
. Financial results have been improving for this company as total revenues for the three months ended December 31, 2010 increased 9.9% to $10.66 million compared to $9.70 million for the three months ended December 31, 2009. OLP pays a solid dividend of $1.32 per share which is equivalent to a 8.7% yield. I would buy on dips below $15.
) is trading around $25.80. Ferrellgas is a leading distributor of propane fuel products, based in Kansas. These shares have traded in a range between $19.05 to $29 in the last 52 weeks. The 50 day moving average is $26.43 and the 200 day moving average is $25.59. FGP is estimated to earn about $2.98 per share in 2011.
Why Ferrellgas shares might be a solid dividend play: Insiders have been buying FGP shares which you can see here
. Ferrellgas could benefit significantly as the U.S. economy continues to improve. More propane will be used by businesses, and consumers and pricing power should improve for Ferrellgas. Also, FGP pays a generous dividend, $2 per share which is equivalent to a 7.4% yield. These shares look attractive on any dips.
Navios Maritime Partners, LP.
) is trading around $19.79. Navios is a drybulk carrier company, based in Greece. These shares have traded in a range between $12.17 to $21.56 in the last 52 weeks. The 50 day moving average is $19.92 and the 200 day moving average is $18.52. NMM is estimated to earn about $1.36 per share in 2011.
Why Navios Maritime shares might be a solid dividend play: The book value is stated at $9.64. The dividend is very generous at $1.72 per share which is equivalent to a 8.1% yield. I would wait to buy this stock on pullbacks at around $18.50 or less. This stock has been trending lower and it could easily reach the $18.50 level which is around the 200 day moving average.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Disclaimer: The data is sourced from Yahoo Finance and Stockcharts.com. The information and data is believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes.
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