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Stocks with a yield over ten percent are often mocked as not sustainable. Sure, but some companies pay those high dividends only over a few quarters until they cut dividends. But if the company pays the double-digit yield for a few years, you have earned at least enough to compensate expected share price losses.

In an effort to find some attractive opportunities for dividend investors, I screened the capital market by stocks with a double-digit yield and a high return on investment (over 10%). The ratio is a capital efficiency measure which shows the return on the invested capital.

In order to exclude the risks of low capitalized and hidden stocks, I decided to screen only those companies with a capitalization over $2 billion. Six stocks met the mentioned criteria of which four come from the REIT industry. These are the detailed results sorted by dividend yield:

1. YPF (NYSE:YPF) has a market capitalization of $4.63 billion. The company generates revenues of $12,615.03 million and has a net income of $1,178.36 million. The firm's EBITDA amounts to $3,121.44 million. Because of these figures, the EBITDA margin is 24.74% (operating margin 15.10% and the net profit margin finally 9.34%).

The total debt representing 23.05% of the company's assets and the total debt in relation to the equity amounts to 68.15%. Last fiscal year, a return on equity of 24.92% was realized. Twelve trailing months earnings per share reached a value of $3.00. Last fiscal year, the company paid $3.15 in form of dividends to shareholders. The current return on investment amounts to 16.79%.

Here are the price ratios of the company: The P/E ratio is 3.93, Price/Sales 0.52 and Price/Book ratio 1.07. Dividend Yield: 29.80%. The beta ratio is 0.77.

2. James Hardie Industries (NYSE:JHX) has a market capitalization of $3.48 billion. The company generates revenues of $1,237.50 million and has a net income of $604.30 million. The firm's EBITDA amounts to $220.70 million. Because of these figures, the EBITDA margin is 17.83% (operating margin 12.57% and the net profit margin finally 48.83%).

The total debt representing 1.34% of the company's assets and the total debt in relation to the equity amounts to 24.45%. Twelve trailing months earnings per share reached a value of $6.89. Last fiscal year, the company paid $0.20 in form of dividends to shareholders. The current return on investment amounts to 34.09%.

Here are the price ratios of the company: The P/E ratio is 5.77, Price/Sales 2.77 and Price/Book ratio 27.18. Dividend Yield: 19.34%. The beta ratio is 1.86.

3. Chimera Investment (NYSE:CIM) has a market capitalization of $2.99 billion. The company generates revenues of $755.44 million and has a net income of $532.85 million. The firm's EBITDA amounts to $540.90 million. Because of these figures, the EBITDA margin is 71.60% (operating margin 70.64% and the net profit margin finally 70.54%).

The total debt representing 50.34% of the company's assets and the total debt in relation to the equity amounts to 110.35%. Last fiscal year, a return on equity of 18.34% was realized. Twelve trailing months earnings per share reached a value of $0.52. Last fiscal year, the company paid $0.69 in form of dividends to shareholders. The current return on investment amounts to 10.05%.

Here are the price ratios of the company: The P/E ratio is 5.56, Price/Sales 3.92 and Price/Book ratio 0.80. Dividend Yield: 15.28%. The beta ratio is 1.24.

4. Two Harbors Investment (NYSE:TWO) has a market capitalization of $2.30 billion. The company generates revenues of $201.63 million and has a net income of $127.43 million. The firm's EBITDA amounts to $188.85 million. Because of these figures, the EBITDA margin is 93.66% (operating margin 62.65% and the net profit margin finally 63.20%).

The total debt representing 82.22% of the company's assets and the total debt in relation to the equity amounts to 524.39%. Last fiscal year, a return on equity of 15.42% was realized. Twelve trailing months earnings per share reached a value of $1.05. Last fiscal year, the company paid $1.60 in form of dividends to shareholders. The current return on investment amounts to 11.17%.

Here are the price ratios of the company: The P/E ratio is 10.23, Price/Sales 11.23 and Price/Book ratio 1.17. Dividend Yield: 15.14%. The beta ratio is not calculable.

5. American Capital Agency (NASDAQ:AGNC) has a market capitalization of $9.75 billion. The company generates revenues of $1,108.87 million and has a net income of $770.48 million. The firm's EBITDA amounts to $750.34 million. Because of these figures, the EBITDA margin is 67.67% (operating margin 70.04% and the net profit margin finally 69.48%).

The total debt representing 83.81% of the company's assets and the total debt in relation to the equity amounts to 782.19%. Last fiscal year, a return on equity of 19.80% was realized. Twelve trailing months earnings per share reached a value of $6.40. Last fiscal year, the company paid $5.60 in form of dividends to shareholders. The current return on investment amounts to 15.39%.

Here are the price ratios of the company: The P/E ratio is 5.08, Price/Sales 9.09 and Price/Book ratio 1.21. Dividend Yield: 14.88%. The beta ratio is 0.42.

6. Hatteras Financial (NYSE:HTS) has a market capitalization of $2.87 billion. The company generates revenues of $426.12 million and has a net income of $284.37 million. The firm's EBITDA amounts to $263.80 million. Because of these figures, the EBITDA margin is 61.91% (operating margin 66.74% and the net profit margin finally 66.74%).

The total debt representing 88.14% of the company's assets and the total debt in relation to the equity amounts to 787.50%. Last fiscal year, a return on equity of 17.63% was realized. Twelve trailing months earnings per share reached a value of $3.89. Last fiscal year, the company paid $3.90 in form of dividends to shareholders. The current return on investment amounts to 12.99%.

Here are the price ratios of the company: The P/E ratio is 7.54, Price/Sales 6.69 and Price/Book ratio 1.08. Dividend Yield: 12.35%. The beta ratio is 0.27.

Source: 6 Double-Digit Yield Stocks With Highest Return On Investment