<< Return to Part II: Closed-End Funds
Below is a list of six other equities with over 10% dividend yield selling for less than book, sorted by dividend yield:
1. Frontier Communications Corporation (FTR), a telecom services company, has a 16.78% dividend yield that is distributed to investors on a quarterly basis. The company holds a $4.45 billion market cap with a 0.99 price to book ratio (P/B), 3.15% return on equity, 3.65% return on assets, and 19.47% operating margin.
2. Invesco Mortgage Capital Inc. (IVR), a mortgage investment firm, has a 16.40% dividend yield that is distributed to investors on a quarterly basis. The firm holds a $1.83 billion market cap with a 0.94 price to book ratio (P/B), 20.25% return on equity, 2.82% return on assets, and 91.07% operating margin.
3. Arlington Asset Investment Corp. (AI), an investment firm, has a 15.13% dividend yield that is generally distributed to investors on a quarterly basis. (Please note: dividend payouts for the firm are listed as irregular but were paid on a quarterly basis throughout 2011.) The firm holds a $177.37 million market cap with a 0.96 price to book ratio (P/B), 8.64% return on equity, 2.30% return on assets, and 69.89% operating margin.
4. Niska Gas Storage Partners LLC (NKA), a gas utilities company, has a 13.95% dividend yield that is generally distributed to investors on a quarterly basis. (Please note: dividend payouts for the company are listed as irregular but were paid on a quarterly basis throughout 2011.) The company holds a $732.82 million market cap with a 0.77 price to book ratio (P/B), 6.23% return on equity, 3.11% return on assets, and 68.96% operating margin.
5. Fifth Street Finance Corp. (FSC), a credit services firm, has an 11.53% dividend yield that is distributed to investors on a monthly basis. The firm holds a $543.86 million market cap with a 0.99 price to book ratio (P/B), 4.66% return on equity, 3.25% return on assets, and 24.13% operating margin.
6. BlackRock Kelso Capital Corporation (BKCC), an asset management firm, has an 11.18% dividend yield that is generally distributed to investors on a quarterly basis. (Please note: dividend payouts for the firm are listed as irregular, but were paid on a quarterly basis throughout 2011.) The firm holds a $681.45 million market cap with a 0.96 price to book ratio (P/B), 10.70% return on equity, 5.08% return on assets, and 66.64% operating margin.
Disclaimer: All equities mentioned in this article are offered as speculation only. Any investment decisions made by the reader are, therefore, independent of this writing.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in BKCC, FSC, NKA, AI, IVR, FTR over the next 72 hours.
