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Accounts receivable represents a big portion of revenue for many companies, but as the name implies, these funds are not yet “received.” This can therefore be an area of concern.

When accounts receivable becomes a larger percentage of the revenues reported by a company, it indicates lower quality revenues because there is no guarantee that accounts receivable will be paid back in full. Companies with shrinking accounts receivable (relative to revenue) are viewed favorably.

We ran a screen on stocks paying high dividend yield stocks for those with positive receivable and revenue trends: increases in quarterly revenue year-over-year outpacing changes in quarterly accounts receivable, and a decrease in quarterly accounts receivable as a percent of quarterly current assets year-over-year.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.


(Click to enlarge)

Do you think these stocks pay reliable dividends? Use this list as a starting point for your own analysis.

List sorted by difference between growth in revenue and accounts receivable.

1. Brookfield Properties Corporation (NYSE:BPO): A publicly owned real estate investment firm. Market cap of $7.80B. Dividend yield at 3.61%, payout ratio at 12.93%. MRQ revenue has increased 52.32% ($492M vs. $323M y/y) while MRQ accounts receivable has decreased 11.26% ($1,182M vs. $1,332M y/y). Accounts receivable/current assets has decreased from 73.11% to 65.30%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has lost 6.68% over the last year.

2. NYSE Euronext, Inc. (NYSE:NYX): Operates securities exchanges. Market cap of $7.01B. Dividend yield at 4.48%, payout ratio at 48.77%. MRQ revenue has increased 19.81% ($1,258M vs. $1,050M y/y) while MRQ accounts receivable has decreased 25.23% ($489M vs. $654M y/y). Accounts receivable/current assets has decreased from 50.62% to 43.54%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has lost 1.8% over the last year.

3. Carnival Corporation (NYSE:CCL): Operates as a cruise and vacation company. Market cap of $24.71B. Dividend yield at 3.14%, payout ratio at 34.51%. MRQ revenue has increased 11.73% ($5,058M vs. $4,527M y/y) while MRQ accounts receivable has decreased 9.02% ($353M vs. $388M y/y). Accounts receivable/current assets has decreased from 26.85% to 25.27%, comparing 3 months ending 2011-08-31 to 3 months ending 2010-08-31. The stock has lost 21.99% over the last year.

4. AstraZeneca PLC (NYSE:AZN): Develops, and commercializes prescription medicines for cardiovascular, gastrointestinal, infection, neuroscience, oncology, and respiratory and inflammation diseases worldwide. Market cap of $59.45B. Dividend yield at 5.97%, payout ratio at 35.75%. MRQ revenue has increased 3.99% ($8,213M vs. $7,898M y/y) while MRQ accounts receivable has decreased 13.27% ($9,699M vs. $11,183M y/y). Accounts receivable/current assets has decreased from 45.52% to 43.17%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has lost 0.81% over the last year.

5. Molson Coors Brewing Company (NYSE:TAP): Distributes beer brands. Market cap of $7.20B. Dividend yield at 3.22%, payout ratio at 31.45%. MRQ revenue has increased 9.07% ($954.4M vs. $875M y/y) while MRQ accounts receivable has decreased 6.97% ($723.7M vs. $777.9M y/y). Accounts receivable/current assets has decreased from 41.87% to 36.23%, comparing 13 weeks ending 2011-09-24 to 13 weeks ending 2010-09-25. The stock has lost 15.11% over the last year.

6. Miller Industries Inc. (NYSE:MLR): Engages in the manufacture and sale of vehicle towing and recovery equipment in North America and internationally. Market cap of $177.12M. Dividend yield at 3.04%, payout ratio at 19.37%. MRQ revenue has increased 31.39% ($96.78M vs. $73.66M y/y) while MRQ accounts receivable has increased 17.58% ($72.5M vs. $61.66M y/y). Accounts receivable/current assets has decreased from 43.43% to 42.64%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. It's been a rough couple of days for the stock, losing 7.17% over the last week.

7. Chevron Corporation (NYSE:CVX): Engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. Market cap of $201.24B. Dividend yield at 3.21%, payout ratio at 22.20%. MRQ revenue has increased 29.59% ($64,432M vs. $49,718M y/y) while MRQ accounts receivable has increased 16.03% ($20,878M vs. $17,994M y/y). Accounts receivable/current assets has decreased from 40.45% to 39.37%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has gained 26.41% over the last year.

8. Maxim Integrated Products Inc. (NASDAQ:MXIM): Designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits worldwide. Market cap of $7.84B. Dividend yield at 3.40%, payout ratio at 49.63%. MRQ revenue has increased 1.57% ($636M vs. $626.14M y/y) while MRQ accounts receivable has decreased 10.85% ($331.59M vs. $371.93M y/y). Accounts receivable/current assets has decreased from 25.45% to 22.05%, comparing 13 weeks ending 2011-09-24 to 13 weeks ending 2010-09-25. The stock has gained 24.51% over the last year.

9. Sempra Energy (NYSE:SRE): Engages in the development of energy infrastructure, operation of utilities, and provision of energy-related products and services worldwide. Market cap of $12.62B. Dividend yield at 3.65%, payout ratio at 32.71%. MRQ revenue has increased 21.74% ($2,576M vs. $2,116M y/y) while MRQ accounts receivable has increased 10.25% ($1,398M vs. $1,268M y/y). Accounts receivable/current assets has decreased from 50.82% to 47.58%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has gained 9.1% over the last year.

10. Autoliv, Inc. (NYSE:ALV): Develops, manufactures, and supplies automotive safety systems to automotive industry. Market cap of $4.72B. Dividend yield at 3.53%, payout ratio at 24.02%. MRQ revenue has increased 15.89% ($2,017.6M vs. $1,740.9M y/y) while MRQ accounts receivable has increased 5.14% ($1,527.8M vs. $1,453.1M y/y). Accounts receivable/current assets has decreased from 54.39% to 51.91%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has lost 25.82% over the last year.

11. Houston Wire & Cable Company (NASDAQ:HWCC): Distributes specialty wire and cable products in the U. Market cap of $209.86M. Dividend yield at 3.05%, payout ratio at 31.83%. MRQ revenue has increased 16.83% ($105.78M vs. $90.54M y/y) while MRQ accounts receivable has increased 7.47% ($70.51M vs. $65.61M y/y). Accounts receivable/current assets has decreased from 48.86% to 47.27%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock is a short squeeze candidate, with a short float at 9.6% (equivalent to 15.58 days of average volume). The stock has had a couple of great days, gaining 8.45% over the last week.

12. Siemens AG (SI): Operates in the industry, energy, and healthcare sectors worldwide. Market cap of $89.34B. Dividend yield at 3.77%, payout ratio at 38.42%. MRQ revenue has increased 4.89% ($20,351M vs. $19,403M y/y) while MRQ accounts receivable has decreased 3.97% ($15,645M vs. $16,292M y/y). Accounts receivable/current assets has decreased from 32.47% to 29.62%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has lost 11.05% over the last year.

13. United Parcel Service, Inc. (NYSE:UPS): Provides transportation, logistics, and financial services in the United States and internationally. Market cap of $66.88B. Dividend yield at 3.0%, payout ratio at 49.77%. MRQ revenue has increased 7.99% ($13,166M vs. $12,192M y/y) while MRQ accounts receivable has decreased 0.80% ($5,584M vs. $5,629M y/y). Accounts receivable/current assets has decreased from 52.33% to 44.22%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has gained 6.14% over the last year.

14. Alliance Resource Partners LP (NASDAQ:ARLP): Produces and markets coal to utilities and industrial users. Market cap of $2.70B. Dividend yield at 5.31%, payout ratio at 43.71%. MRQ revenue has increased 18.83% ($487.75M vs. $410.45M y/y) while MRQ accounts receivable has increased 10.76% ($146.65M vs. $132.4M y/y). Accounts receivable/current assets has decreased from 67.40% to 28.98%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has gained 28.63% over the last year.

15. Grupo Aeroportuario Del Sureste SA de CV (NYSE:ASR): Holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. Market cap of $1.60B. Dividend yield at 4.80%, payout ratio at 48.36%. MRQ revenue has increased 9.78% ($1,048.98M vs. $955.51M y/y) while MRQ accounts receivable has increased 2.31% ($1,584.23M vs. $1,548.42M y/y). Accounts receivable/current assets has decreased from 50.17% to 47.64%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has gained 17.25% over the last year.

16. Hillenbrand, Inc. (NYSE:HI): Manufactures, distributes, and sells funeral service products to licensed funeral directors operating licensed funeral homes. Market cap of $1.34B. Dividend yield at 3.55%, payout ratio at 45.47%. MRQ revenue has increased 2.62% ($211.2M vs. $205.8M y/y) while MRQ accounts receivable has decreased 4.46% ($109.2M vs. $114.3M y/y). Accounts receivable/current assets has decreased from 35.99% to 25.48%, comparing 3 months ending 2011-06-30 to 3 months ending 2010-06-30. The stock has gained 10.71% over the last year.

17. QC Holdings, Inc. (NASDAQ:QCCO): Provides various retail consumer financial products and services in the United States. Market cap of $67.32M. Dividend yield at 5.17%, payout ratio at 28.81%. MRQ revenue has increased 2.61% ($48.29M vs. $47.06M y/y) while MRQ accounts receivable has decreased 4.24% ($63.29M vs. $66.09M y/y). Accounts receivable/current assets has decreased from 71.43% to 65.31%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has had a good month, gaining 19.64%.

18. RadioShack Corp. (NYSE:RSH): Engages in the retail sale of consumer electronic goods and services through its RadioShack store chain and kiosk operations. Market cap of $1.24B. Dividend yield at 4.04%, payout ratio at 24.47%. MRQ revenue has increased 2.97% ($1,031.8M vs. $1,002M y/y) while MRQ accounts receivable has decreased 3.10% ($250.3M vs. $258.3M y/y). Accounts receivable/current assets has decreased from 13.95% to 13.79%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has lost 34.83% over the last year.

19. Molex Inc. (NASDAQ:MOLX): Manufactures and sells electronic components worldwide. Market cap of $4.24B. Dividend yield at 3.31%, payout ratio at 43.24%. MRQ revenue has increased 4.27% ($935.99M vs. $897.67M y/y) while MRQ accounts receivable has decreased 0.92% ($782.83M vs. $790.1M y/y). Accounts receivable/current assets has decreased from 42.68% to 37.79%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has gained 21.61% over the last year.

20. Eni SpA (NYSE:E): Engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. Market cap of $84.75B. Dividend yield at 6.63%, payout ratio at 29.60%. MRQ revenue has increased 14.20% ($26,169M vs. $22,915M y/y) while MRQ accounts receivable has increased 9.58% ($23,450M vs. $21,399M y/y). Accounts receivable/current assets has decreased from 66.06% to 64.09%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has gained 3.93% over the last year.

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 20 High Dividend Yield Stocks With Encouraging Receivable Trends