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This is part III of the dividend buster’s series. In Part I we covered stocks with yields as high as 19% and in Part II we dealt with stocks with yields as high as 29%.

Stock

Dividend

Cash per share

Market Cap

Forward

PE

Operating margins

Total Cash

Revenue

Operating

Cash flow

ALSK

17.3

.52

232M

26

17.88

23.4M

346.6M

74.46M

CIM

21.3

0.02

2.74B

5.46

90.96

10M

621M

369M

BKCC

13.6

.41

627M

8.4

66.64%

30.23M

1260M

-132M

TNK

20.5

0.23

282M

30.4

17.7

14M

123.4M

N/A

ETP

8.2

0.67

17.13B

18.12

18.6

139.3M

6.49B

1.13B

Alaska Communications Systems Group Inc. (NASDAQ:ALSK)

It has a forward PE of 26, a market cap of roughly $232 million and enterprise value of $779 million. It has a very high short interest and therefore could be a candidate for a short squeeze.

  • Book value: -1.14
  • Short percentage of float: 24.10
  • Percentage held by institutions: 61.00
  • ROE: N/A
  • Qtrly Earnings Growth (yoy): -N/A
  • Total debt: 557.5M
  • Dividend yield 5 year average: 10.3
  • Dividend rate: $.86
  • Dividend growth rate 5 year average: 0.36
  • Consecutive dividend increases: 0 years
  • Paying dividends since 2004
  • Total return last 3 years: -24
  • Total return last 5 years: -39

Chimera Investment Corporation (NYSE:CIM)

Chimera Investment Corporation is a specialty finance company that invests in residential mortgage-backed and is a wholly-owned subsidiary of Annaly Capital (NYSE:NLY). It has a forward PE of 5.46, a market cap of roughly $2.7 billion and enterprise value of $9.23 billion. If it can close above 3 on a weekly basis, it will have a decent chance of testing the 3.60 ranges. It is also trading roughly 60 cents below book value.

  • Short percentage of float: 4.3
  • Percentage held by institutions: 58.9
  • ROE: 17.76
  • Quarterly Earnings Growth (yoy): -5.4
  • Total debt: 6.49B
  • 200 day moving average: $3.23
  • Book value: 3.35
  • Dividend yield 5 year average: N/A
  • Dividend rate: $0.57
  • Payout ratio: 100
  • Dividend growth rate 3 year average: 20.73
  • Consecutive dividend increases: 1 year
  • Paying dividends since 2007
  • Total return last 3 years:71.66
  • Total return last 5 years: N/A

BlackRock Kelso Capital Corporation (NASDAQ:BKCC)

It has a forward PE of 8.4, a market cap of roughly $630 million and an enterprise value of $910 million. It has a projected 5 year PEG of 1.81. It is trading below its 200 day moving average; currently the 200 MA is 8.80. If it can close above this level on a weekly basis it should be construed as a bullish development. Net income has been rising for the past three years; in 2008 it reported a loss of 150 million, it 2009 it reported a profit of 67 million and in 2010 it reported a profit of 71 million. If it maintains its currently pace of quarterly earnings, its earnings for the year should come in higher than 2010. It has earned roughly 69.9 million in the past three quarters and it is trading roughly $1.20 below book value.

There has also been some insider action.

Black Rock Kelso Capital Advisors LLC purchased 200, 000 shares in March at an average price of 10 per share. Director Jerrold Harris purchased 13,000 shares in March and May for an average price of 9.64-9.76 a share.

One of its competitors is Piper Jaffray (NYSE:PJC) which has a market cap of $324 million, revenue of $531 million, a PE of 16.7, yield 0% of and a quarterly revenue growth (y-o-y) of -15.4%. BKCC beats PJC on almost all fronts. BKC has a lower PE, high quarterly revenue growth (y-o-y) of 34%, and a higher dividend yield.

  • Short percentage of float: 5.8
  • Percentage held by institutions: 51.8
  • ROE: 10.7
  • Quarterly Earnings Growth (yoy): -20.7
  • Total debt: 317M
  • 200 day moving average: $8.76
  • Book value: 9.75
  • Dividend yield 5 year average: 12.30
  • Dividend rate: $1.10
  • Payout ratio: 158
  • Dividend growth rate 3 year average: -5.27
  • Consecutive dividend increases: 1 year
  • Paying dividends since 2007
  • Total return last 3 years: 55.19%
  • Total return last 5 years: N/A

Teekay Tankers Ltd (NYSE:TNK)

It has a forward PE of 30.4, a market cap of roughly $281 million and enterprise value of $642 million. It is trading roughly $3.55 below book value. It has an expected five-year PEG ratio of 3.03.

  • Short percentage of float: 10.9
  • ROE: -0.29
  • Quarterly Earnings Growth (yoy): N/A
  • Total debt: 374M
  • 200 day moving average: $ 7.12
  • Book value: $8.06
  • Dividend yield 5 year average: N/A
  • Dividend rate: $0.83
  • Payout ratio: 259
  • Dividend growth rate 3 year average: -9.00
  • Consecutive dividend increases: 1 year
  • Paying dividends since 2008
  • Total return last 3 years: 10.76
  • Total return last 5 years: N/A

Energy Transfer Partners LP (NYSE:ETP)

It has a forward PE of 18.2, a market cap of roughly $9.23 billion and enterprise value of $17.1 billion. It has an expected five-year PEG ratio of 1.34. Insiders hold a lofty 26.4% stake in the company which serves as strong vote of confidence for the company going forward.

  • Short percentage of float: 3.10
  • Percentage held by institutions: 23
  • ROE: 13.46
  • Quarterly Earnings Growth (yoy): -37.8
  • Total debt: 8.08B
  • 200 day moving average: $ 45.69
  • Book value: $23.75
  • Dividend yield 5 year average: 8.2
  • Dividend rate: $3.58
  • Payout ratio: 222
  • Dividend growth rate 3 year average: 7.56
  • Consecutive dividend increases: 0 years
  • Paying dividends since 1996
  • Total return last 3 years: 65.6
  • Total return last 5 years: 15.6

Disclaimer: Do not treat this as a buying list. It is very important that you check the finer details in each of the mentioned plays before deploying even one penny into them. What might be good for one investor could be terrible for another investor.

Source: Dividend Busters With Yields As High As 21%, Part III