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High Yield investing is very interesting but also very risky when the dividend yield is over 10%. Many investors mistrust these dividend payments and expect they'll be short-lived, leading to a cut within the next quarters. I screened the stock market by stocks with a yield of more than 10% and analyzed the results by investment opportunities. In order to exclude the risks of smaller capitalized stocks, I decided to look only at stocks with a market capitalization above $2 billion (mid caps). Fourteen stocks fulfilled these criteria, of which 10 are recommended with a buy or better rating from brokerage firms. These are the detailed results:

1. Frontier Communication (NASDAQ:FTR) has a market capitalization of $4.21 billion. The company employs 15,250 people, generates revenues of $3,797.68 million and has a net income of $155.72 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $1,678.51 million. Because of these figures, the EBITDA margin is 44.20% (operating margin 20.66% and the net profit margin finally 4.10%).

The total debt, representing 46.19% of the company's assets and the total debt in relation to the equity, amounts to 159.02%. As a result, a return on equity of 5.42% was realized. Twelve trailing months earnings per share reached a value of $0.15. In the last fiscal year, the company paid $0.88 in the form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 27.99, Price/Sales 1.13 and Price/Book ratio 0.82. Dividend Yield: 17.40%. The beta ratio is 0.71.

2. Inergy (NRGY) has a market capitalization of $2.13 billion. The company employs 2,865 people, generates revenues of $2,153.80 million and has a net income of $-10.60 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $294.20 million. Because of these figures, the EBITDA margin is 13.66% (operating margin 4.75% and the net profit margin finally -0.49%).

The total debt, representing 55.46% of the company's assets and the total debt in relation to the equity, amounts to 161.69%. As a result, a return on equity of 2.94% was realized. Twelve trailing months earnings per share reached a value of $0.28. In the last fiscal year, the company paid $2.82 in the form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 64.25, Price/Sales 1.06 and Price/Book ratio 1.99. Dividend Yield: 16.27%. The beta ratio is 0.54.

3. Veolia Environnement (NYSE:VE) has a market capitalization of $5.50 billion. The company employs 287,043 people, generates revenues of $46,001.85 million and has a net income of $1,159.35 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $5,130.26 million. Because of these figures, the EBITDA margin is 11.15% (operating margin 6.06% and the net profit margin finally 2.52%).

The total debt, representing 40.98% of the company's assets and the total debt in relation to the equity, amounts to 265.00%. As a result, a return on equity of 7.84% was realized. Twelve trailing months earnings per share reached a value of $-0.61. In the last fiscal year, the company paid $1.60 in the form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is not calculable, Price/Sales 0.13 and Price/Book ratio 0.53. Dividend Yield: 15.25%. The beta ratio is 1.70.

4. MFA Financial (NYSE:MFA) has a market capitalization of $2.58 billion. The company employs 29 people, generates revenues of $391.34 million and has a net income of $269.76 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $181.53 million. Because of these figures, the EBITDA margin is 46.39% (operating margin 59.94% and finally the net profit margin at 68.93%).

The total debt, representing 71.52% of the company's assets and the total debt in relation to the equity, amounts to 276.09%. As a result, a return on equity of 11.80% was realized. Twelve trailing months earnings per share reached a value of $0.92. In the last fiscal year, the company paid $0.89 in the form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 7.85, Price/Sales 6.62 and Price/Book ratio 0.91. Dividend Yield: 13.76%. The beta ratio is 0.34.

5. Annaly Capital Management (NYSE:NLY) has a market capitalization of $16.30 billion. The company employs 114 people, generates revenues of $2,683.13 million and has a net income of $1,267.28 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $1,349.56 million. Because of these figures, the EBITDA margin is 50.30% (operating margin 48.55% and the net profit margin finally 47.23%).

The total debt, representing 79.92% of the company's assets and the total debt in relation to the equity, amounts to 669.88%. As a result, a return on equity of 13.11% was realized. Twelve trailing months earnings per share reached a value of $1.92. In the last fiscal year, the company paid $2.65 in the form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 8.76, Price/Sales 6.08 and Price/Book ratio 1.10. Dividend Yield: 13.56%. The beta ratio is 0.31.

6. Hatteras Financial Corp. (NYSE:HTS) has a market capitalization of $2.10 billion. The company generates revenues of $265.02 million and has a net income of $169.50 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $251.87 million. Because of these figures, the EBITDA margin is 95.04% (operating margin 63.96% and the net profit margin finally 63.96%).

The total debt, representing 87.47% of the company's assets and the total debt in relation to the equity, amounts to 764.11%. As a result, a return on equity of 16.32% was realized. Twelve trailing months earnings per share reached a value of $4.03. In the last fiscal year, the company paid $4.40 in the form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 6.81, Price/Sales 7.97 and Price/Book ratio 1.11. Dividend Yield: 13.04%. The beta ratio is 0.27.

7. France Telecom (FTE) has a market capitalization of $39.63 billion. The company employs 165,330 people, generates revenues of $60,173.23 million and has a net income of $5,034.38 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $18,562.55 million. Because of these figures, the EBITDA margin is 30.85% (operating margin 16.62% and the net profit margin finally 8.37%).

The total debt, representing 41.03% of the company's assets and the total debt in relation to the equity, amounts to 132.93%. As a result, a return on equity of 13.62% was realized. Twelve trailing months earnings per share reached a value of $1.53. In the last fiscal year, the company paid $1.85 in the form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 9.80, Price/Sales 0.66 and Price/Book ratio 1.05. Dividend Yield: 12.83%. The beta ratio is 0.80.

8. Telefonica (NYSE:TEF) has a market capitalization of $26.27 billion. The company employs 35,466 people, generates revenues of $80,318.70 million and has a net income of $13,319.23 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $34,087.54 million. Because of these figures, the EBITDA margin is 42.44% (operating margin 27.12% and the net profit margin finally 16.58%).

The total debt, representing 47.08% of the company's assets and the total debt in relation to the equity, amounts to 249.88%. As a result, a return on equity of 44.03% was realized. Twelve trailing months earnings per share reached a value of $3.57. In the last fiscal year, the company paid $5.16 in the form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 4.89, Price/Sales 1.00 and Price/Book ratio 0.83. Dividend Yield: 12.04%. The beta ratio is 0.99.

9. Och-Ziff Capital Management (NYSE:OZM) has a market capitalization of $3.71 billion. The company employs 405 people, generates revenues of $924.50 million and has a net income of $-1,198.95 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $-1,157.18 million. Because of these figures, the EBITDA margin is -125.17% (operating margin -127.06% and the net profit margin finally -129.69%).

The total debt, representing 30.54% of the company's assets and the total debt in relation to the equity, amounts to 149.54%. As a result, a return on equity of -95.38% was realized. Twelve trailing months earnings per share reached a value of $-3.12. In the last fiscal year, the company paid $0.88 in the form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is not calculable, Price/Sales 4.43 and Price/Book ratio 8.60. Dividend Yield: 10.75%. The beta ratio is 2.01.

10. Banco Santander (STD) has a market capitalization of $66.59 billion. The company employs 191,350 people, generates revenues of $69,963.97 million and has a net income of $12,071.78 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $27,262.75 million. Because of these figures, the EBITDA margin is 38.97%. (operating margin 28.84% and the net profit margin finally 20.89%).

The total debt, representing 17.96% of the company's assets and the total debt in relation to the equity, amounts to 291.53%. As a result, a return on equity of 11.42% was realized. Twelve trailing months earnings per share reached a value of $1.23. In the last fiscal year, the company paid $0.79 in the form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 6.39, Price/Sales 1.25 and Price/Book ratio 0.69. Dividend Yield: 10.67%. The beta ratio is 1.72.

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

Source: 10 Recommended Mid Caps With A Yield Above 10%