Patrick Harden

The Ten Highest Yielding NYSE Stocks

Gramercy Capital will not be yielding 32% much longer. From the Q2 conference call: "Consistent with all of these strategies and goals I’ve enumerated just now, the directors of Gramercy intend to evaluate the dividend policy in the third quarter for possible reduction." Gramercy's own guidance for $0.50/share in quarterly earnings suggests that the dividend will be lowered to at least this level, if not lower. The stock was downgraded by Stifel Nicolaus from "buy" to "hold" this morning.