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Search for Yield, Momentum, and Value 1 comment

Jul 15, 2009 10:29 AM | about stocks: AAUKY.PK, AEG, AGNC, CRYP, ERIC, NTRI, PSEC, SPIL, TKC

Given the declining yields in US equities and continued thirst for dividends by investors, I decided to run a screen over at Finviz.com to see if I could come up with any potential high yield candidates. The criteria are listed below:

Dividend Yield>4%
Average Volume>50k, to filter out illiquid companies
PEG ratio<1, which can be used as a 'growth at a reasonable price' indication
Forward PE>0, to make sure the company is projected to be profitable going forward
Debt/Equity<.4, to make sure the company's balance sheet is relatively healthy on a debt basis Price>200 Day SMA, to make sure the company is in a positive trend (something I've written about numerous times)

The results, according to Finzviz:

Ticker	Company	Sector	Industry
AAUK	ANGLO AM PLC ADR	Basic Materials	Industrial Metals & Minerals
AEG	AEGON N V ADR	Financial	Life Insurance
AGNC	American Capital Agency Corp.	Financial	REIT - Residential
CRYP	CryptoLogic Limited	Technology	Business Software & Services
ERIC	LM Ericsson Telephone Co.	Technology	Communication Equipment
NTRI	NutriSystem Inc.	Services	Consumer Services
PSEC	Prospect Capital Corporation	Financial	Closed-End Fund - Equity
SPIL	Siliconware Precision Industries Co. Ltd.	Technology	Semiconductor Equipment & Materials
TKC	Turkcell Iletisim Hizmetleri AS	Technology	Wireless Communications

The yields are below:

Ticker	Market Cap	Dividend Yield
AAUK	37945.13	5.99%
AEG	9262.87	17.84%
AGNC	322.65	27.89%
CRYP	75.89	8.11%
ERIC	30295.9	4.47%
NTRI	433.93	4.95%
PSEC	330.69	17.29%
SPIL	3952.39	7.93%
TKC	11748	6.06%

Obviously, there are some outliers on this list that may need further investigation - a 17% and 27% yield are generally not sustainable and a further red flag is that all 3 yields over 10% originate from the financial sector. However, running a search like this can help identify some potential candidates for further consideration in a yield-oriented portfolio.

no disclosures

Stocks: AAUKY.PK, AEG, AGNC, CRYP, ERIC, NTRI, PSEC, SPIL, TKC

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