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Stocks with high dividend yields are particularly appealing for long term buy & hold, because the cash payout by itself provides a good margin of safety for the investment. When investing in mature companies, reinvesting dividends is a commonly adopted strategy to increase long term returns. The following high yielders have at least an 8% yield, and their ex-dividend dates are during the week of 06/25-06/29.

Arlington Asset Investment Corp. (NYSE:AI) is an investment brokerage - regional company. It has a market cap of $221.79 million. The dividend is generous at 15.30%. Its ex-dividend date is 6-27-2012. Arlington Asset Investment acquires on a leveraged basis residential mortgage-backed securities (MBS) that are issued by the United States (U.S.) government agency, or guaranteed as to principal and interest by U.S. government agencies, or U.S. government-sponsored entities. It also acquires MBS issued by private organizations. Arlington Asset Investment Corp. has a very healthy operating margin of 33.22%. Both its revenue and earnings declined in double digits over the latest quarter, by 34.10% and 45.60%, respectively. The recent trading volume is about average. The short ratio of Arlington Asset Investment is 8.90, accounting for 5.50% of floating shares.

Apollo Residential Mortgage, Inc. (NYSE:AMTG) is a residential REIT company. It has a market cap of $473.00 million. This company pays out a nice dividend of 15.30%. Its ex-dividend date is 6-27-2012. Apollo Residential invests in residential mortgage assets in the United States. It offers agency and non-agency residential mortgage-backed securities. Its stock price is 0.15% below 52-week high, a plus on the technical side. Its P/E ratio of 18.77 is on the expensive side. Investors should use some cautious because of this valuation.

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) is a diversified REIT. It has a market cap of $336.73 million. The dividend is generous at 9.80%. Its ex-dividend date is 6-27-2012. Apollo Commercial originates, acquires, invests in, and manages performing commercial first mortgage loans, commercial mortgage-backed securities, mezzanine financings, and other commercial real estate-related debt investments. Given that its price is only 1.56% lower than its 52-week high, the overall market sentiment appears positive. It has a reasonable P/E ratio of 11.02. Its price/book ratio is 0.98. Both its revenue and earnings grew in double digits over the latest quarter, by 47.20% and 75.50%, respectively. The short ratio of Apollo Commercial Real Estate Finance Inc. is 8.40, accounting for 5.50% of floating shares.

Atlantic Power Corporation (NYSE:AT) is an electric utilities company. It has a market cap of $1.53 billion. The dividend is generous at 8.30%. Its ex-dividend date is 6-27-2012 0:00:00. Atlantic Power operates as a power generation and infrastructure company with a portfolio of assets in the United States and Canada. Its price shows near term weakness, close to 52-week low (only 17.56% higher). Its price is only around 7.59% off its 52-week low. While the stock appears it might have bottomed, investors should proceed with caution. Atlantic Power has an enterprise value / EBITDA ratio of 23.31. The valuation is a little too expensive for my taste. The short ratio of Atlantic Power is 18.70, accounting for 5.50% of floating shares.

America First Tax Exempt Investors LP (NASDAQ:ATAX) is a mortgage investment company. It has a market cap of $159.65 million. The dividend is generous at 9.40%. Its ex-dividend date is 6-27-2012. America First Tax Exempt Investors engages in acquiring, holding, selling, and dealing with a portfolio of federally tax-exempt mortgage revenue bonds, which have been issued to provide construction and/or permanent financing of multifamily residential apartments. Its revenue declined by 3.30% during the most recent quarter. And its net income declined by 47.00% during the most recent quarter. I don't think the company's overall financial record to be very solid.

Chimera Investment Corporation (NYSE:CIM) is a diversified REIT. It has a market cap of $2.59 billion. This company pays out a nice dividend of 14.30%. Its ex-dividend date is 6-27-2012. Chimera invests in residential mortgage-backed securities ((NASDAQ:RMBS)), residential mortgage loans, commercial mortgage loans, real estate-related securities, and other asset classes. Its price/book ratio is 0.80. The company had a gross profit of $587.84 on a revenue of $614.10 million. Both its revenue and earnings declined in double digits over the latest quarter, by 37.90% and 43.30%, respectively. The company has $9.82 million cash on its balance sheet. Its debt burden is $6.20 billion.

Colony Financial, Inc. (NYSE:CLNY) is a diversified REIT. It has a market cap of $571.78 million. This company pays a handsome dividend of 8.10%. Its ex-dividend date is 6-27-2012. Colony Financial focuses primarily on acquiring, originating, and managing commercial mortgage loans, and other commercial real estate-related debt investments. Its stock price is about 6.95% below its 52-week high, usually a positive technical indicator on the company. Its price/book ratio is 0.76. The company is selling below book value, something worth further investigation: is the company undervalued or are its assets overvalued? The company has $39.57 million cash on its balance sheet. Its debt burden is $18.92 million.

Capstead Mortgage Corp. (NYSE:CMO) is a diversified REIT. It has a market cap of $1.31 billion. The dividend is generous at 11.40%. Its ex-dividend date is 6-27-2012. Capstead Mortgage invests in leveraged portfolio of residential mortgage pass-through securities consisting of adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises or by an agency of the federal government. Given that its price is only 1.89% lower than its 52-week high, the overall market sentiment appears positive. At a P/E ratio of 7.88, the stock appears fairly cheap in valuation. The company has $513.71 million cash on its balance sheet. Its debt burden is $12.22 billion. This month, 4.44 million shares are being shorted. Comparing to 4.24 million shares shorted over the previous month, the shared short has increased by 4%. The short ratio of Capstead Mortgage is 5.50, accounting for 5.00% of floating shares.

Crexus Investment Corp. (NYSE:CXS) is a diversified REIT. It has a market cap of $792.25 million. This company pays a handsome dividend of 10.40%. Its ex-dividend date is 6-27-2012. CreXus acquires, manages, and finances commercial mortgage loans and commercial real estate debts, commercial real properties, commercial mortgage-backed securities, other commercial real estate-related assets, and agency residential mortgage-backed securities. At a P/E ratio of 6.62, the stock appears fairly cheap in valuation. Its price/book ratio is 0.87.

Great Northern Iron Ore Properties (NYSE:GNI) is a steel & iron company. It has a market cap of $117.00 million. This company pays out a nice dividend of 15.40%. Its ex-dividend date is 6-27-2012. Great Northern Iron Ore owns and leases mineral and non-mineral lands on the Mesabi Iron Range in northeastern Minnesota. At a P/E ratio of 4.77, the stock appears fairly cheap in valuation. It has an enterprise value / EBITDA ratio of 4.48, again appearing cheap. The company had a net income of $24.52 million, EBITDA of $25.10, and gross profit of $26.73 million on a revenue of $28.28 million. Both its revenue and earnings grew in double digits over the latest quarter, by 29.30% and 32.80%, respectively.

Hugoton Royalty Trust (NYSE:HGT) is an oil & gas drilling & exploration company. It has a market cap of $290.00 million. This company pays a handsome dividend of 8.30%. Its ex-dividend date is 6-27-2012. Hugoton Royalty holds an 80% net profits interests in certain natural gas producing working interest properties of XTO Energy Inc. At a P/E ratio of 5.51, the stock appears fairly cheap in valuation. Both its revenue and earnings declined in double digits over the latest quarter, by 23.80% and 24.10%, respectively.

Hatteras Financial Corp (NYSE:HTS) is a residential REIT. It has a market cap of $2.84 billion. This company pays out a nice dividend of 12.40%. Its ex-dividend date is 6-27-2012. Hatteras invests in fixed-rate and adjustable-rate single-family residential mortgage pass-through securities guaranteed or issued by the United States Government agency or by the United States Government-sponsored entity, and the Federal Home Loan Mortgage Corporation. Its stock price is 1.52% below 52-week high, a plus on the technical side. At a P/E ratio of 7.48, the stock appears fairly cheap in valuation. Its price/book ratio is 1.07. Both its revenue and earnings grew in double digits over the latest quarter, by 17.80% and 21.10%, respectively.

Enduro Royalty Trust (NYSE:NDRO) is an independent oil & gas company. It has a market cap of $514.14 million. This company pays out a nice dividend of 11.20%. Its ex-dividend date is 6-27-2012. Enduro focuses on acquiring and owning a net profits interest representing the right to receive an 80% of the net profits from the sale of oil and natural gas production from certain properties located in the states of Texas, Louisiana, and New Mexico held by Enduro Resource Partners LLC. Its P/E ratio of 20.66 is on the expensive side.

Annaly Capital Management, Inc. (NYSE:NLY) is a diversified REIT. It has a market cap of $16.69 billion. This company pays out a nice dividend of 12.80%. Its ex-dividend date is 6-27-2012. Annaly Capital engages in the ownership, management, and financing of a portfolio of investment securities. Given that its price is only 8.59% lower than its 52-week high, the overall market sentiment appears positive. Both its revenue and earnings grew in double digits over the latest quarter, by 29.10% and 28.80%, respectively. The trading volume has been stable recently. This month, 33.79 million shares are being shorted. Comparing to 35.21 million shares shorted over the previous month, the shared short has decreased by 4%. The short ratio of Annaly Capital Management is 3.60, accounting for 3.50% of floating shares.

Penn West Petroleum Ltd. (NYSE:PWE) is an oil & gas drilling & exploration company. It has a market cap of $6.07 billion. This company pays a handsome dividend of 8.20%. Its ex-dividend date is 6-27-2012. Penn West Petroleum engages in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and related assets in Western Canada. Its price shows near term weakness, close to 52-week low (only 46.10% higher). Its price/book ratio is 0.68. The company is selling below book value, something worth further investigation: is the company undervalued or are its assets overvalued? Penn West Petroleum Ltd. has an enterprise value / EBITDA ratio of 5.33, quite cheap.

Resource Capital Corp. (NYSE:RSO) is a retail REIT. It has a market cap of $459.33 million. The dividend is generous at 14.50%. Its ex-dividend date is 6-27-2012. Resource Capital focuses primarily on commercial real estate and commercial finance in the United States. It has a reasonable P/E ratio of 10.80. Both its revenue and earnings grew in double digits over the latest quarter, by 28.70% and 10.20%, respectively. This month, 4.04 million shares are being shorted. Comparing to 3.62 million shares shorted over the previous month, the shared short has increased by 11%. The short ratio of Resource Capital is 6.80, accounting for 4.90% of floating shares.

Starwood Property Trust, Inc. (NYSE:STWD) is a diversified REIT. It has a market cap of $1.97 billion. The dividend is generous at 8.30%. Its ex-dividend date is 6-27-2012. Starwood engages in originating, investing in, financing, and managing commercial mortgage loans, other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate-related debt investments. Its stock price is about 3.03% below its 52-week high, usually a positive technical indicator on the company. It has a reasonable P/E ratio of 14.22. Both its revenue and earnings grew in double digits over the latest quarter, by 109.70% and 59.50%, respectively. The short ratio of Starwood Property Trust Inc. is 4.50, accounting for 5.60% of floating shares. The trailing dividend yield is 8.50. It doesn't appear to be at a point of entry yet. Watch.

Windstream Corporation (NASDAQ:WIN) is a telecom services company. It has a market cap of $5.7 billion. The dividend is generous at 10.30%. Its ex-dividend date is 6-27-2012. Windstream provides communications and technology solutions in the United States. Its price is only around 7.56% off its 52-week low. While the stock appears it might have bottomed, investors should proceed with caution. Its P/E ratio of 25.34 is on the expensive side. Windstream has an enterprise value / EBITDA ratio of 7.42. Since EV/EBITDA ratio already considers the debt burden, the valuation is on the cheap side. This month, 45.67 million shares are being shorted. Comparing to 36.70 million shares shorted over the previous month, the shared short has increased by 24%. The short ratio of Windstream is 4.70, accounting for 7.80% of floating shares.

Source: High Yield Companies With Ex-Dividend Dates This Week