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This is part VI of the Dividend Buster series. In Part IV we featured stocks with yields as high as 20%. Part III which featured stocks with yields as high as 21%, is still the most popular article in the series. While I have done my best to provide as many metrics as possible for the stocks listed below, I strongly urge investors to do their due-diligence before deploying any capital into any one of the 5 stocks dealt with in this article.

Stock Dividend Market Cap Forward PE Price/ book Total Cash Operating margins Revenue Operating Cash flow
CPLP 15.4 263M 22.07 0.51 55M 32 115M 56M
TWO 17.5 1.27B 6.8 0.98 188M 86.5 131M 98.7M
SID 9 11.84B 3.89 2.65 8.7B 34 8.87B 1.62B
CTEL 8.3 394M 7.4 1.69 52M 22 215M N/A
WBK 16.2 60.25B 8.9 1.44 112B 57 15.94B -12.0B

Capital Product Partners L.P (CPLP)

It has a market cap of $263 million, an enterprise value of $850 million and price/sales value of 2.31. It is trading roughly $6.94 below book value and the total cash it has amounts to 1.25 per share. The M/T 'Achilleas' will be earning a gross daily charter rate of $28,000 per day plus 50/50 profit share on actual earnings settled every 6 months for the first 12 months of its time charter to CMTC. CMTC has the option to extend the time charter employment for a second year at $34,000 per day and for a third year at $38,000 per day with the same profit share arrangements. The M/T 'Achilleas' is expected to commence its charter to CMTC in January 2012.

  • Short ratio 0.8
  • Percentage held by institutions N/A
  • ROE 23%
  • Qtrly Earnings Growth (yoy) 1,797.60%
  • Total debt 639M
  • 200 day moving average $7.49
  • Book value 11.94
  • Dividend yield 5 year Average 17.8
  • Dividend rate $0.93
  • Payout ratio 159%
  • Dividend growth rate 3 year average -8..59
  • Consecutive dividend increases 0 years
  • Paying dividends since 2007
  • Total return last 3 years 72.38%
  • Total return last 5 years N/A

Two Harbors Investment Corp (TWO)

It has a market cap of $ 1.27 billion, an enterprise value of $6.25 billion and price/sales value of 9.77 it is trading slightly below book value.

  • Short ratio 2.7
  • Percentage held by institutions 40.4%
  • ROE 11.94%
  • Qtrly Earnings Growth (yoy) 452.70%
  • Total debt 562M
  • 200 day moving average $11.94
  • Book value $9.30
  • Dividend yield 5 year Average N/A
  • Dividend rate $1.60
  • Payout ratio 104%
  • Dividend growth rate 3 year average 0.00%
  • Consecutive dividend increases 0 years
  • Paying dividends since 2009
  • Total return last 3 years 35.08%
  • Total return last 5 years N/A

Companhia Siderurgica Nacional (SID)

It has a market cap of $ 11.84 billion, an enterprise value of $19.14 billion, and price/sales value of 1.39. It is trading roughly $5 dollars above book value and its has over $6 per share in cash.

  • Short ratio 1.3
  • Percentage held by institutions N/A
  • ROE 40.56%
  • Qtrly Earnings Growth (yoy) 452.70%
  • Total debt $15.55B
  • 200 day moving average $10.55
  • Book value $3.20
  • Dividend yield 5 year Average 7.7
  • Dividend rate $.64
  • Dividend growth rate 5 year average 12.36
  • Consecutive dividend increases 0 years
  • Paying dividends since 1994
  • Total return last 3 years 133%
  • Total return last 5 years 135%

City Telecom HK Ltd (CTEL)

It has a market cap of $394 million, an enterprise value of $338 million and price/sales value of 1.8. It is trading roughly $4 dollars above book value, and it has over $1.36 per share in cash. Annual profits were up 44.7%. Mr. Ricky Wong, Chairman of the Group stated the following:

  • Net profit up 44.7% to HK$313.9 million and EBITDA up 26.6% year-on-year to HK$594.1 million
  • Total turnover grew by 6.8% year-on-year to HK$1,681.5 million
  • Outstanding performance in Fixed Telecommunications Network Services ("FTNS") business
  • Declared HK15 cents final cash dividend per ordinary share (FY2010: HK13.5 cents per ordinary share) bringing total dividend per ordinary share to HK30 cents for FY2011 (FY2010 : HK20 cents per ordinary share)
  • Short ratio 0.7
  • Percentage held by institutions N/A
  • ROE 18%
  • Qtrly Earnings Growth (yoy) 45.6%
  • Total debt $1.6M
  • 200 day moving average $11.05
  • Book value $5.98
  • Dividend yield 5 year Average 4.50
  • Dividend rate $.56
  • Dividend growth rate 3 year average 130.6%
  • Consecutive dividend increases 1 years
  • Paying dividends since 1999
  • Total return last 3 years 526%
  • Total return last 5 years 436%

Westpac Banking Corporation (WBK)

It has a market cap of $60.25 billion, an enterprise value of $175.18 billion and price/sales value of 3.78. It is trading roughly $30 dollars above book value and its has over $185 per share in cash. WBK is trading roughly $10 below its 200 day moving average. WBK profits rose 10% to A$6.99 billion ($7.92 billion USD) from a year ago; profits for the prior year were $6.35 billion Australian dollars. Bad debts declined 32% to AU$993 million from the prior year- the decline in bad debts helped drive profits higher. Total deposits rose by 10% to A$370 billion and loans increased by 4% to A$496 billion. Australian banks have proved (so far at least) to be resilient to the global economic downturn. WBK is one of Australia's largest banks and is only among a handful of banks in the world that still retains its AA credit rating.

  • Short ratio 6.10
  • Percentage held by institutions N/A
  • ROE 16%
  • Qtrly Earnings Growth (yoy) -12%
  • Total debt $226B
  • 200 day moving average $110.60
  • Book value $69.39
  • Dividend yield 5 year Average 6.9
  • Dividend rate $7.73
  • Payout ratio 377%
  • Dividend growth rate 3 year average 14.7
  • Consecutive dividend increases 1 years
  • Paying dividends since 1990
  • Total return last 3 years 131%
  • Total return last 5 years 42%

See also:

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

Source: Dividend Busters With Yields As High As 24.6%, Part VI