Are you a dividend investor searching for stocks that not only offer moderate to high yields, but also substantial near-term growth? Today we screened for companies with both of those traits, and narrowed our focus to only the stocks rated as "Buy" or "Strong Buy" by industry analysts. We came up with a diverse, but intriguing list of high yielders.
EPS growth (earnings per share growth) illustrates the growth of earnings per share over time. The 1-Year Expected EPS Growth Rate is an annual growth estimate, where the growth projections are made by analysts, the company or other credible sources.
We first looked for stocks with a very high yield (more than 5%). We next screened for businesses with projected high growth, measured by 1-year projected EPS growth above 25%. We then screened for businesses that analysts rate as "Buy" (2 < mean recommendation < 3). We did not screen out any market caps or sectors.
Do you think these stocks hold solid value? Please use our list to assist with your own analysis.
1) Costamare Inc. (CMRE)
Costamare Inc. has a Dividend Yield of 7.72%, a Payout Ratio of 68.74%, a 1-Year Projected Earnings Per Share Growth Rate of 33.08%, and a Analysts' Rating of 1.80. The short interest was 1.79% as of 07/15/2012. Costamare, Inc. owns and charters containerships to liner companies. Its fleet consists of 56 containerships with a total capacity of approximately 324,000 TEU. The company was founded in 1975 and is based in Athens, Greece.
2) Capital Product Partners L.P. (CPLP)
Capital Product Partners L.P. has a Dividend Yield of 11.89%, a Payout Ratio of 59.08%, a 1-Year Projected Earnings Per Share Growth Rate of 81.82%, and a Analysts' Rating of 2.30. The short interest was 0.32% as of 07/15/2012. Capital Product Partners L.P., a shipping company, provides seaborne transportation services of crude oil, refined petroleum products, edible oils, and soft chemicals. The company provides marine transportation services under short-term voyage charters and medium to long-term time and bareboat charters. Its vessels carry crude oil, and refined oil products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals comprising ethanol.
3) Breitburn Energy Partners L.P. (BBEP)
|Industry:||Oil & Gas Drilling & Exploration|
Breitburn Energy Partners L.P. has a Dividend Yield of 10.42%, a Payout Ratio of 68.74%, a 1-Year Projected Earnings Per Share Growth Rate of 200.00%, and a Analysts' Rating of 1.70. The short interest was 0.81% as of 07/15/2012. BreitBurn Energy Partners L.P. engages in the acquisition, exploitation, and development of oil and gas properties in the United States. The company's properties include natural gas, oil, and midstream assets comprising fields in the Antrim Shale in Michigan, and the New Albany Shale in Indiana and Kentucky; and fields in the Evanston and Green River basins in southwestern Wyoming, the Wind river and Big Horn basins in central Wyoming, the Powder River basin in eastern Wyoming, the Los Angeles basin in California, and fields in Florida's Sunniland Trend. As of December 31, 2011, its total estimated proved reserves were 151.
4) Inergy Midstream LLC (NRGM)
|Industry:||Oil & Gas Pipelines|
Inergy Midstream LLC has a Dividend Yield of 6.87%, a 1-Year Projected Earnings Per Share Growth Rate of 59.70%, and a Analysts' Rating of 1.60. The short interest was 0.85% as of 07/15/2012. Inergy Midstream, L.P. engages in acquiring, owning, developing, and operating midstream energy assets.
5) James Hardie Industries SE (JHX)
James Hardie Industries SE has a Dividend Yield of 18.15%, a Payout Ratio of 30.37%, a 1-Year Projected Earnings Per Share Growth Rate of 41.53%, and a Analysts' Rating of 2.00. The short interest was 0.01% as of 07/15/2012. James Hardie Industries SE, together with its subsidiaries, manufactures and sells fiber cement products for interior and exterior building construction applications primarily in the United States, Canada, Australia, New Zealand, the Philippines, and Europe. Its products principally include fiber cement interior linings, exterior siding products, and related accessories products. The company offers fiber cement products with various patterned profiles and surface finishes for a range of applications, including external siding and soffit lining, internal linings, facades, floor and tile underlay, lattice, fencing, decorative columns, flooring, and ceiling applications; and manufactures and sells fiber reinforced concrete pipes.
*Company profiles were sourced from Finviz. Financial data was sourced from Google Finance and Yahoo Finance.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.