There is something satisfying about receiving income on a dividend investment, and what is even better is when the checks keep coming. One way to find dividends that provide consistent moderate to high yields is to search for those that have an abundance of cash in the bank. Today we provide a diverse list of dividends that have a nice level of liquidity and the additional bonus of receiving 'Buy' or 'Strong Buy' by analysts in recent months. We think you will be interested in what rose to the surface.
The Current Ratio is a liquidity ratio used to determine a company's financial health. The metric illustrates how easily a firm can pay back its short obligations all at once through current assets. A company that has a current ratio of one or less is generally a liquidity red flag. Now this doesn't mean the company will go bankrupt tomorrow, but it also doesn't bode well for the company, and may indicate that it could have an issue paying back upcoming obligations.
The Quick Ratio measures a company's ability to use its cash or assets to extinguish its current liabilities immediately. Quick assets include assets that presumably can be converted to cash at close to their book values. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities. The quick ratio is more conservative than the Current Ratio because it excludes inventory from current assets, since some companies have difficulty turning their inventory into cash. If short-term obligations need to be paid off immediately, sometimes the current ratio would overestimate a company's short-term financial strength. In general, the higher the ratio, the greater the company's liquidity (i.e., the better able to meet current obligations using liquid assets).
We first looked for dividend stocks. We then looked for companies that analysts rate as "Buy" or "Strong Buy" (mean recommendation < 3). We next screened for businesses that have strong liquidity (Current Ratio>2)(Quick Ratio>2). We did not screen out any market caps or sectors.
Do you think these stocks have more value to price in? Use our list along with your own analysis.
1) Kaydon Corporation (KDN)
|Industry:||Machine Tools & Accessories|
Kaydon Corporation has a Dividend Yield of 3.81%, a Payout Ratio of 51.46%, an Analysts' Rating of 2.40, a Current Ratio of 4.40, and a Quick Ratio of 2.40. The short interest was 6.18% as of July 28, 2012. Kaydon Corporation engages in the design, manufacture, and sale of custom engineered, performance-critical products in the United States, Germany, and internationally.
The company's Friction Control Products segment offers anti-friction bearings, split roller bearings, and specialty balls that are used in alternative energy, specialized robotics, medical, aerospace, defense, security, electronic, material handling, construction, and other industrial applications. Its Velocity Control Products segment provides industrial shock absorbers, safety shock absorbers, velocity controls, gas springs, and rotary dampers for use in specialized robotics, material handling, machine tool, medical, amusement, and other industrial applications.
2) Hooker Furniture Corp. (HOFT)
|Industry:||Home Furnishings & Fixtures|
Hooker Furniture Corp. has a Dividend Yield of 3.35%, a Payout Ratio of 77.90%, an Analysts' Rating of 2.00, a Current Ratio of 5.70, and a Quick Ratio of 4.06. The short interest was 6.84% as of July 28, 2012. Hooker Furniture Corporation, a home furnishings marketing and logistics company, together with its subsidiaries, designs, develops, imports, manufactures, and markets residential wood, metal, and upholstered furniture products in North America.
The company offers casegoods products, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture, Envision, and Opus Designs by Hooker brand names; upholstered furniture under the Bradington-Young, Seven Seas, and Sam Moore brand names; upscale motion and stationary leather furniture; youth furniture under the Opus Designs by Hooker brand name; and private label products.
It also offers various residential leather and fabric upholstered furniture under the Bradington-Young and Seven Seas upholstery brand; specializes in leather reclining and motion chairs, sofas, club chairs, and executive desk chairs; and offers upscale occasional chairs and other seating under the Sam Moore upholstery brand. The company serves retailers of residential home furnishings, including independent furniture stores, specialty retailers, department stores, catalog and Internet merchants, interior designers, and national and regional retail chains.
3) Microchip Technology Inc. (MCHP)
|Industry:||Semiconductor - Specialized|
Microchip Technology Inc. has a Dividend Yield of 4.26%, a Payout Ratio of 79.21%, an Analysts' Rating of 2.40, a Current Ratio of 8.13, and a Quick Ratio of 7.26. The short interest was 9.88% as of July 28, 2012. Microchip Technology Incorporated engages in the development, manufacture, and sale of semiconductor products for embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers marketed under the PIC brand name, as well as 16-bit dsPIC digital signal controllers (DSC); and development tools that enable system designers to program a PIC microcontroller and dsPIC DSC for specific applications.
It also provides analog and interface products, including power management, linear, mixed-signal, thermal management, RF Linear drivers, safety and security, and interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial SRAM memories for production of very small footprint devices. In addition, the company licenses its SuperFlash technology to foundries, integrated device manufacturers, and design partners for use in the manufacture of their advanced microcontroller products, gate array, RF, and analog products that require embedded flash; and provides engineering services.
4) Met-Pro Corp. (MPR)
Met-Pro Corp. has a Dividend Yield of 3.10%, a Payout Ratio of 58.65%, an Analysts' Rating of 1.80, a Current Ratio of 4.85, and a Quick Ratio of 3.54. The short interest was 3.29% as of July 28, 2012. Met-Pro Corporation manufactures and sells product recovery and pollution control equipment for the purification of air and liquids, fluid handling equipment, and filtration and purification products.
The company's Product Recovery/Pollution Control Technologies segment provides solutions and products for product recovery and pollution control applications in metal finishing and plating, wastewater treatment, composting, food processing, ethanol production, chemical, petrochemical, printed circuit, semiconductor, steel pickling, battery manufacturing, groundwater remediation, automotive, aerospace, furniture, painting, electronics, printing, and pharmaceutical industries.
Its Fluid Handling Technologies segment manufactures horizontal, vertical, and in-tank centrifugal pumps used for the pumping of acids, brines, caustics, bleaches, seawater, waste liquids, and high temperature liquids for industrial and commercial applications. This segment serves various industrial markets, including the chemical, petrochemical, refinery, pharmaceutical, plastics, pulp and paper, and food processing industries, as well as commercial users, such as hospitals, universities, and laboratories.
5) Tronox Incorporated (TROX)
Tronox Incorporated has a Dividend Yield of 20.17%, an Analysts' Rating of 2.00, a Current Ratio of 3.38, and a Quick Ratio of 2.01. The short interest was 2.79% as of July 28, 2012. Tronox Incorporated produces and markets titanium products in the Americas, Europe, and the Asia-Pacific. The company offers titanium dioxide pigment, which is used in consumer products, such as paint, plastic, and certain specialty products. In addition, it manufactures and markets electrolytic and specialty chemical products, such as electrolytic manganese dioxide, sodium chlorate for pulp and paper manufacture, and boron-based and other specialty chemicals serving the semi-conductor, pharmaceutical and igniter industries.
6) Gold Resource Corp (GORO)
Gold Resource Corp has a Dividend Yield of 3.99%, a Payout Ratio of 10.69%, an Analysts' Rating of 2.00, a Current Ratio of 3.91, and a Quick Ratio of 3.60. The short interest was 15.37% as of July 28, 2012. Gold Resource Corporation, an exploration stage company, engages in the exploration for and production of gold and silver in Mexico. It also explores copper, lead, and zinc ores. The company holds a 100% interest in 6 properties, including the El Aguila Project, the El Rey property, the Las Margaritas property, the Solaga property, the Alta Gracia property, and the El Chamizo property located in southern State of Oaxaca.
7) CSS Industries Inc. (CSS)
|Industry:||Specialty Retail, Other|
CSS Industries Inc. has a Dividend Yield of 3.17%, a Payout Ratio of 35.94%, an Analysts' Rating of 2.00, a Current Ratio of 5.21, and a Quick Ratio of 3.36. The short interest was 4.02% as of July 28, 2012. CSS Industries, Inc., a consumer products company, engages in the design, manufacture, procurement, distribution, and sale of seasonal and occasion social expression products principally to mass market retailers in the United States and Canada.
Its seasonal and occasion products include decorative ribbons and bows, boxed greeting cards, gift tags, gift wrap, gift bags, gift boxes, gift card holders, decorative and waxed tissue paper, decorative films and foils, decorations, classroom exchange Valentines, floral accessories, Halloween masks, costumes, make-up and novelties, Easter egg dyes and novelties, craft and educational products, stickers, memory books, stationery, journals, notecards, infant and wedding photo albums, scrapbooks, and other gift items that commemorate life's celebrations, as well as teachers' aids and other learning oriented products. The company offers its products under various brands, including Paper Magic, Berwick, Offray, C.
*Company profiles were sourced from Finviz. Financial data was sourced from Finviz and Google Finance.