Sunday, March 14, 2010

High Dividend Stocks Ex-Dividend from 3/16/2010 to 3/22/2010

This post lists high dividend (annual yield > 3%) stocks go ex-dividend next week order by ex-dividend date and then by yield. Since the timing of capturing the dividend of these stocks are one day before ex-dividend, therefore the listings go from next Tuesday up to the Monday in week after. A total of 32 high dividend stocks go ex-dividend in next week.

Tuesday 3/16/2009
Chartwell Dividend & Income Fund (CWF), player in Closed-End Fund - Equity, with market cap $70.83M, avg daily vol 57.78K, annual div yield 7.64%
Apollo Investment Corporation (AINV), player in Closed-End Fund - Debt, with market cap $2.20B, avg daily vol 1.84M, annual div yield 8.95%
(EVV), player in Closed-End Fund - Debt, with market cap $1.77B, avg daily vol 368K, annual div yield N/A%
Madison Strategic Sector Premium Fund (MSP), player in Closed-End Fund - Equity, with market cap $73.98M, avg daily vol 21.46K, annual div yield 9.01%
Medical Properties Trust Incorporated (MPW), player in REIT - Healthcare Facilities, with market cap $889.38M, avg daily vol 620.22K, annual div yield 7.23%
Renasant Corporation (RNST), player in Regional - Southeast Banks, with market cap $346.59M, avg daily vol 73.91K, annual div yield 4.14%
National CineMedia Incorporated (NCMI), player in Marketing Services, with market cap $736.66M, avg daily vol 149.8K, annual div yield 3.66%
EMC Insurance Group Inc. (EMCI), player in Property & Casualty Insurance, with market cap $287.46M, avg daily vol 12.7K, annual div yield 3.28%
Sempra Energy (SRE), player in Gas Utilities, with market cap $12.31B, avg daily vol 2.16M, annual div yield 3.1%


Wednesday 3/17/2009
Vector Group (VGR), player in Cigarettes, with market cap $1.11B, avg daily vol 307.88K, annual div yield 10.28%
Universal Insurance Holdings (UVE), player in Property & Casualty Insurance, with market cap $235.28M, avg daily vol 205.42K, annual div yield 7.68%
Universal Health Real Estate (UHT), player in REIT - Healthcare Facilities, with market cap $438.11M, avg daily vol 46.77K, annual div yield 6.62%
Ship Finance International (SFL), player in Shipping, with market cap $1.53B, avg daily vol 483.71K, annual div yield 6.2%
Ramco-Gershenson Properties Trust (RPT), player in REIT - Retail, with market cap $340.67M, avg daily vol 187.61K, annual div yield 5.88%
Fauquier Bankshares (FBSS), player in Regional - Southeast Banks, with market cap $52.71M, avg daily vol 1.08K, annual div yield 5.46%
EastGroup Properties (EGP), player in REIT - Industrial, with market cap $1.00B, avg daily vol 309.39K, annual div yield 5.41%
LSB Financial (LSBI), player in Savings & Loans, with market cap $15.56M, avg daily vol 0.61K, annual div yield 4.99%
Electro Rent (ELRC), player in Rental & Leasing Services, with market cap $303.77M, avg daily vol 46.52K, annual div yield 4.72%
Alliance Financial Corp (ALNC), player in Regional - Northeast Banks, with market cap $131.96M, avg daily vol 11.3K, annual div yield 3.92%


Thursday 3/18/2009

BlackRock Kelso Capital Corporation (BKCC), player in Credit Services, with market cap $564.75M, avg daily vol 370.08K, annual div yield 12.8%
NASDAQ Premium Income & Growth Fund Incorp (QQQX), with market cap $N/A, avg daily vol 103.81K, annual div yield -%
Global Income & Currency Fund Incorporated (GCF), with market cap $N/A, avg daily vol 25.54K, annual div yield -%
DTE Energy Company (DTE), player in Electric Utilities, with market cap $7.43B, avg daily vol 1.26M, annual div yield 4.72%

Friday 3/19/2010

Gladstone Commercial Corporation (GOOD), player in Property Management, with market cap $123.65M, avg daily vol 40.32K, annual div yield 10.39%
Gladstone Investment Corporation (GAIN), player in Closed-End Fund - Equity, with market cap $127.40M, avg daily vol 56.2K, annual div yield 8.32%
Gladstone Capital Corporation (GLAD), player in Closed-End Fund - Debt, with market cap $229.00M, avg daily vol 145.68K, annual div yield 7.73%
LTC Properties Incorporated (LTC), player in REIT - Healthcare Facilities, with market cap $634.09M, avg daily vol 116.08K, annual div yield 5.74%


Monday 3/22/2010

Flaherty & Crumrine Claymore Total Return F (FLC), player in Closed-End Fund - Debt, with market cap $156.61M, avg daily vol 54.22K, annual div yield 8.49%
Flaherty & Crumrube Prefered Income Opportu (PFO), player in Closed-End Fund - Debt, with market cap $103.58M, avg daily vol 30.87K, annual div yield 7.93%
Flaherty & Crumrine Preferred Income Fund (PFD), player in Closed-End Fund - Debt, with market cap $118.98M, avg daily vol 26.2K, annual div yield 7.71%
Cincinnati Financial Corporation (CINF), player in Property & Casualty Insurance, with market cap $4.62B, avg daily vol 1.05M, annual div yield 5.54%

Thursday, March 11, 2010

Fed Tightening Cycle vs. S&P 500 Corrections, From Timing Perspective

There was a consensus view that stock market tends to trade sideways before the Fed tightening cycle begins. Based on that view, earlier in 2010, many analysts predicted the first half of 2010 will see volatility rise in stock market, and major indices will trade sideways. Morgan Stanley predicted that in 2010 stock market will behave in similar ways as 1994 and 2004, in both years Fed stopped expansionary fiscal policy by starting to raise Fed funds rate.
Comparing with 1994 and 2004, 2010 shares strong economic recoveries reflected in the form of improved corporate earnings, however, 2010 suffers a much higher unemployment rate (9.7% ytd vs. 6.1% in 1994 vs. 5.5% in 2004). What's more, unemployment is expected to remain high for an extended period of time. Based on history, Fed wouldn't start tightening cycle before unemployment rate drops below a certain level. So it's possible for Fed to keep rates at near zero level for extended period of time. If that's happening, how will stock market behave then? To answer that question, I decided to take a look at the relationship between Fed tightening cycle and stock market performance from timing perspective. The discoveries are interesting.
In 1994, Fed started to raise rate in February, almost at exactly same time, the stock market started to correct. After a 9% correction, S&P traded sideways until November, then staged next leg up for new highs.



In 2004, unlike 1994, S&P 500 started correction well before (5 months to be exact) Fed started tightening cycle. The full correction lasted about half a year and registered ~8% drop from top of the previous rally to the bottom of correction, and the period lasted ~6 months.

So to answer the question of whether stock market will enter the correction stage with high volatility right when Fed starts tightening, the answer is no, stock market may start to correct well before the Fed tightening cycle starts. It took 10 years for US economy to go from one recession to the next one last time, this time it took only 6 years. In previous recovery, S&P 500's correction preceded Fed tightening cycle by 5 months, in this recovery, this time window may be longer, in other words, S&P 500 may start correction more than 5 months before Fed starts tightening.   All the interesting historical facts indicates that US economic growth are increasinly dependent on Fed's expansionary fiscal policy which are like drugs relieve addicts for the short term but not healthy to them in the long term, as a result, recessions happen more frequently, and in each recession, Fed needs to take longer time (increase the dose) before it could start tightening.
S&P 500 reached 1150 on Jan 19, then corrected to intra-day low of 1044 in early February, now it's back to 1150. Based on history, I feel hard to believe S&P 500 remain in rally mode after this point since it's likely we are only 2 months into the 6-8 month sideway trading period.
 
Disclosure: author long SDS, QID and DXD at time of writing

Friday, March 5, 2010

High Dividend Stocks Ex-Dividend from 3/9/2010 to 3/15/2010

This post lists high dividend (annual yield > 3%) stocks go ex-dividend next week order by ex-dividend date and then by yield. Since the timing of capturing the dividend of these stocks are one day before ex-dividend, therefore the listings go from next Tuesday up to the Monday in week after. A total of 32 high dividend stocks go ex-dividend in next week.

Tuesday 3/9/2009

Dreyfus Strategic Municipal Inc (LEO), player in Closed-End Fund - Debt, with market cap $520.76M, avg daily vol 90.29K, annual div yield N/A%
Dreyfus Strategic Municipal Bond Fund (DSM), player in Closed-End Fund - Debt, with market cap $389.90M, avg daily vol 86.3K, annual div yield N/A%
Dreyfus Municipal Income Fund (DMF), player in Closed-End Fund - Debt, with market cap $184.93M, avg daily vol 43.77K, annual div yield N/A%
TAL International Group Incorporated (TAL), player in Rental & Leasing Services, with market cap $558.43M, avg daily vol 78.22K, annual div yield 5.48%
TELUS Corporation (TU), player in Wireless Communications, with market cap $10.73B, avg daily vol 136.93K, annual div yield 5.48%
Laclede Group Incorporated (LG), player in Gas Utilities, with market cap $747.34M, avg daily vol 117.74K, annual div yield 4.71%
Bancroft Fund Ltd. Bancroft Fund Common St (BCV), player in Closed-End Fund - Debt, with market cap $81.77M, avg daily vol 7.67K, annual div yield 3.84%
H&R Block Incorporated (HRB), player in Personal Services, with market cap $5.60B, avg daily vol 3.89M, annual div yield 3.59%
MDU Resources Group Incorporated (MDU), player in General Building Materials, with market cap $4.04B, avg daily vol 735.46K, annual div yield 2.93%
Home Depot Incorporated (HD), player in Home Improvement Stores, with market cap $53.39B, avg daily vol 15.45M, annual div yield 2.99%


Wednesday 3/10/2009

Dreyfus High Yield Strategies Fund (DHF), player in Closed-End Fund - Debt, with market cap $284.52M, avg daily vol 266.43K, annual div yield N/A%
Lazard World Dividend & Income Fund Inc. (LOR), with market cap $80.01M, avg daily vol 25.67K, annual div yield 7.31%
General Maritime Corporation (GMR), player in Shipping, with market cap $406.04M, avg daily vol 757.29K, annual div yield 6.78%
Earthlink Incorporated (ELNK), player in Diversified Communication Services, with market cap $924.64M, avg daily vol 1.14M, annual div yield 6.48%
NTELOS Holdings Corporation (NTLS), player in Wireless Communications, with market cap $727.81M, avg daily vol 288.15K, annual div yield 6.43%
United Bankshares Incorporated West Virgin (UBSI), player in Regional - Mid-Atlantic Banks, with market cap $1.16B, avg daily vol 330.94K, annual div yield 4.49%
Ventas Incorporated (VTR), player in REIT - Healthcare Facilities, with market cap $7.07B, avg daily vol 1.54M, annual div yield 4.74%
British American Tobacco PLC ADR (BTI), player in Cigarettes, with market cap $70.47B, avg daily vol 150.44K, annual div yield 6.18%
MutualFirst Financial Incorporated (MFSF), player in Regional - Midwest Banks, with market cap $44.00M, avg daily vol 6.01K, annual div yield 3.81%
Wesbanco Incorporated (WSBC), player in Regional - Mid-Atlantic Banks, with market cap $437.56M, avg daily vol 84.89K, annual div yield 3.4%
Landauer Inc. (LDR), player in Research Services, with market cap $601.48M, avg daily vol 35.5K, annual div yield 3.35%
Utah Medical Products Inc. (UTMD), player in Medical Instruments & Supplies, with market cap $101.90M, avg daily vol 8.42K, annual div yield 3.33%
Automatic Data Processing Incorporated (ADP), player in Business Software & Services, with market cap $21.80B, avg daily vol 2.88M, annual div yield 3.15%
First Pac Trust Bancorp (FPTB), player in Regional - Pacific Banks, with market cap $27.63M, avg daily vol 2.04K, annual div yield 3.07%
United Security Bancshares Inc. (USBI), player in Regional - Southeast Banks, with market cap $95.07M, avg daily vol 14.45K, annual div yield 2.78%


Thursday 3/11/2009

Cornerstone Progressive Return Fund Shs of (CFP), with market cap $N/A, avg daily vol 195.25K, annual div yield -%
Cornerstone Strategic Value Fund (CLM), player in Closed-End Fund - Equity, with market cap $75.63M, avg daily vol 43.29K, annual div yield 15.34%
PDL Biopharma Incorporated (PDLI), player in Biotechnology, with market cap $842.48M, avg daily vol 2.35M, annual div yield 14.2%
Cornerstone Total Return Fund Inc. (CRF), player in Closed-End Fund - Debt, with market cap $28.37M, avg daily vol 20.05K, annual div yield 14.46%
Evergreen Income Advantage Fund (EAD), player in Closed-End Fund - Debt, with market cap $676.83M, avg daily vol 214.7K, annual div yield 11.4%
Van Kampen American Capital High Income Tru (VLT), player in Closed-End Fund - Debt, with market cap $58.89M, avg daily vol 15.08K, annual div yield 10.37%
Ares Capital Corp. (ARCC), player in Closed-End Fund - Debt, with market cap $1.54B, avg daily vol 1.98M, annual div yield 9.98%
Neuberger Berman Income Opportunity Fund (NOX), player in Closed-End Fund - Debt, with market cap $98.68M, avg daily vol 59.74K, annual div yield 7.86%
(WEA), player in Closed-End Fund - Debt, with market cap $162.78M, avg daily vol 31.8K, annual div yield N/A%
Evergreen Multi-Sector Income Fund (ERC), player in Closed-End Fund - Debt, with market cap $613.56M, avg daily vol 142.56K, annual div yield 8.91%
Evergreen Utilities and High Income Fund (ERH), player in Closed-End Fund - Debt, with market cap $142.55M, avg daily vol 47.79K, annual div yield 8.39%
World Wrestling Entertainment Incorporated (WWE), player in General Entertainment, with market cap $1.33B, avg daily vol 207.74K, annual div yield 8.02%
Van Kampen Dynamic Credit Opportunities Fun (VTA), with market cap $N/A, avg daily vol 273.67K, annual div yield -%
Neuberger Berman Real Estate Securities Inc (NRO), player in Closed-End Fund - Debt, with market cap $209.52M, avg daily vol 205.69K, annual div yield 2.8%
Van Kampen American Capital Trust For Inves (VGM), player in Closed-End Fund - Debt, with market cap $763.54M, avg daily vol 87.43K, annual div yield 7.48%
Van Kampen American Capital California Valu (VCV), player in Closed-End Fund - Debt, with market cap $268.96M, avg daily vol 37.54K, annual div yield 7.46%
Van Kampen American Capital Municipal Oppor (VMO), player in Closed-End Fund - Debt, with market cap $469.89M, avg daily vol 55.15K, annual div yield 7.38%
Ark Restaurants Corp. (ARKR), player in Restaurants, with market cap $46.82M, avg daily vol 8.31K, annual div yield 7.45%
MBIA Capital/Claymore Managed Duration Inve (MZF), player in Closed-End Fund - Debt, with market cap $106.73M, avg daily vol 31.47K, annual div yield 7.36%
Van Kampen Advantage Municipal Income Trust (VKI), player in Closed-End Fund - Debt, with market cap $532.14M, avg daily vol 78.73K, annual div yield 7.31%
Van Kampen Select Sector Municipal Trust (VKL), player in Closed-End Fund - Debt, with market cap $185.47M, avg daily vol 37.22K, annual div yield 7.21%
Van Kampen American Capital Trust For Inves (VTN), player in Closed-End Fund - Debt, with market cap $215.58M, avg daily vol 18.68K, annual div yield 7.1%
Van Kampen American Capital Municipal Trust (VKQ), player in Closed-End Fund - Debt, with market cap $536.85M, avg daily vol 68.27K, annual div yield 6.96%
Altria Group Incorporated (MO), player in Cigarettes, with market cap $42.93B, avg daily vol 14.06M, annual div yield 6.76%
Van Kampen American Capital Pennsylvania Va (VPV), player in Closed-End Fund - Debt, with market cap $315.03M, avg daily vol 37.65K, annual div yield 6.79%
Van Kampen Massachusetts Value Municipal In (VMV), player in Closed-End Fund - Debt, with market cap $33.82M, avg daily vol 4.06K, annual div yield 6.71%
Porter Bancorp Incorporated (PBIB), player in Regional - Southeast Banks, with market cap $98.86M, avg daily vol 9.38K, annual div yield 7.09%
Van Kampen American Capital Ohio Quality Mu (VOQ), player in Closed-End Fund - Debt, with market cap $87.45M, avg daily vol 6.54K, annual div yield 6.76%
Van Kampen American Capital Trust For Inves (VTJ), player in Closed-End Fund - Debt, with market cap $98.58M, avg daily vol 7.68K, annual div yield 6.62%
Van Kampen American Capital Turst For Insur (VIM), player in Closed-End Fund - Debt, with market cap $129.04M, avg daily vol 17.54K, annual div yield 6.37%
Van Kampen Senior Income Trust (VVR), player in Closed-End Fund - Debt, with market cap $874.84M, avg daily vol 1.05M, annual div yield 6.17%
Washington Real Estate Investment Trust (WRE), player in REIT - Retail, with market cap $1.73B, avg daily vol 476.73K, annual div yield 5.99%
(PAI), player in Closed-End Fund - Debt, with market cap $119.43M, avg daily vol 15.72K, annual div yield N/A%
Premier Financial Bancorp Inc. (PFBI), player in Regional - Southeast Banks, with market cap $59.13M, avg daily vol 6.52K, annual div yield 5.91%
Evergreen International Balanced Income Fun (EBI), player in Closed-End Fund - Equity, with market cap $160.50M, avg daily vol 53.95K, annual div yield 5.62%
Leggett & Platt Inc. (LEG), player in Home Furnishings & Fixtures, with market cap $3.07B, avg daily vol 1.43M, annual div yield 5.05%
BCE Incorporated (BCE), player in Telecom Services - Domestic, with market cap $22.64B, avg daily vol 891.12K, annual div yield 5.73%
Cheviot Financial Corporation (CHEV), player in Regional - Midwest Banks, with market cap $74.04M, avg daily vol 5.65K, annual div yield 5.16%
Van Kampen Bond Fund (VBF), player in Closed-End Fund - Debt, with market cap $220.68M, avg daily vol 28.96K, annual div yield 1.74%
C&F Financial Corporation (CFFI), player in Regional - Mid-Atlantic Banks, with market cap $59.93M, avg daily vol 1.3K, annual div yield 5.09%
Community Trust Bancorp Inc. (CTBI), player in Regional - Southeast Banks, with market cap $400.10M, avg daily vol 43.36K, annual div yield 4.55%
Shaw Communications Inc CL B (SJR), player in CATV Systems, with market cap $8.77B, avg daily vol 218.86K, annual div yield N/A%
BRE Properties Inc. (BRE), player in REIT - Residential, with market cap $1.88B, avg daily vol 709.69K, annual div yield 4.39%
NYSE Euronext Incorporated (NYX), player in Diversified Investments, with market cap $7.42B, avg daily vol 3.14M, annual div yield 4.2%
BancorpSouth Inc. (BXS), player in Regional - Southeast Banks, with market cap $1.62B, avg daily vol 555K, annual div yield 4.52%
Sterling Bancorp (STL), player in Regional - Northeast Banks, with market cap $169.11M, avg daily vol 80.04K, annual div yield 3.85%
Skyline Corporation (SKY), player in Manufactured Housing, with market cap $161.19M, avg daily vol 23.71K, annual div yield 3.75%
Chesapeake Utilities Corporation (CPK), player in Gas Utilities, with market cap $295.13M, avg daily vol 29.55K, annual div yield 4.01%
Merck & Company Incorporated (MRK), player in Drug Manufacturers - Major, with market cap $79.07B, avg daily vol 15.15M, annual div yield 4.05%
Community Bank System Inc. (CBU), player in Regional - Northeast Banks, with market cap $745.19M, avg daily vol 188.64K, annual div yield 3.87%
Harleysville Group Incorporated (HGIC), player in Property & Casualty Insurance, with market cap $970.94M, avg daily vol 50.03K, annual div yield 3.7%
New Jersey Resources Corporation (NJR), player in Gas Utilities, with market cap $1.57B, avg daily vol 246.38K, annual div yield 3.59%
Hawthorn Bancshares Incorporated (HWBK), with market cap $51.61M, avg daily vol 2.01K, annual div yield 3.67%
Digital Realty Trust Inc. (DLR), player in REIT - Industrial, with market cap $4.17B, avg daily vol 934.66K, annual div yield 3.54%
GFI Group Incorporated (GFIG), player in Investment Brokerage - Regional, with market cap $683.36M, avg daily vol 642.5K, annual div yield 3.47%
Extra Space Storage Incorporated (EXR), player in REIT - Industrial, with market cap $1.06B, avg daily vol 683.3K, annual div yield 3.28%
Citizens Holding Company (CIZN), player in Regional - Northeast Banks, with market cap $120.41M, avg daily vol 6.83K, annual div yield 3.39%
Westwood Holdings Group Inc. (WHG), player in Asset Management, with market cap $285.40M, avg daily vol 13.04K, annual div yield 3.31%
Corus Entertainment Incorporated CL B (CJR), player in Broadcasting - Radio, with market cap $1.49B, avg daily vol 33.83K, annual div yield N/A%
Coca-Cola Company (KO), player in Beverages - Soft Drinks, with market cap $125.97B, avg daily vol 10.65M, annual div yield 3.22%
UGI Corporation (UGI), player in Diversified Utilities, with market cap $2.73B, avg daily vol 794.71K, annual div yield 3.19%
Validus Holdings Inc (VR), player in Property & Casualty Insurance, with market cap $3.41B, avg daily vol 572.81K, annual div yield 3.32%
S.Y. Bancorp Incorporated (SYBT), player in Regional - Southeast Banks, with market cap $313.51M, avg daily vol 20.82K, annual div yield 2.95%
Suffolk Bankcorp (SUBK), player in Regional - Northeast Banks, with market cap $299.80M, avg daily vol 16.04K, annual div yield 2.82%


Friday 2/12/2010

Mercury General Corporation (MCY), player in Property & Casualty Insurance, with market cap $2.32B, avg daily vol 201.84K, annual div yield 5.58%
First Capital Inc (FCAP), player in Savings & Loans, with market cap $39.99M, avg daily vol 0.82K, annual div yield 4.97%
Navios Maritime Holdings Incorporated (NM), player in Shipping, with market cap $643.58M, avg daily vol 675.78K, annual div yield 3.76%



Monday 3/15/2010

Gabelli Global Gold Natural Resources and I (GGN), player in Closed-End Fund - Equity, with market cap $381.67M, avg daily vol 357.84K, annual div yield 9.51%
Gabelli Utility Trust (GUT), player in Closed-End Fund - Equity, with market cap $234.03M, avg daily vol 103.2K, annual div yield 9.45%
Gabelli Global Deal Fund- Shs of Benef Inte (GDL), with market cap $N/A, avg daily vol 74.15K, annual div yield -%
Gabelli Equity Trust Inc (GAB), player in Closed-End Fund - Debt, with market cap $907.36M, avg daily vol 356.42K, annual div yield 0.2%
USA Mobility Inc. (USMO), player in Wireless Communications, with market cap $281.95M, avg daily vol 173.06K, annual div yield N/A%
The Gabelli Convertible & Income Securities (GCV), player in Closed-End Fund - Debt, with market cap $79.60M, avg daily vol 29.74K, annual div yield 1.32%
OneBeacon Insurance Group Ltd. (OB), player in Property & Casualty Insurance, with market cap $1.44B, avg daily vol 126.54K, annual div yield 5.56%
Gabelli Dividend & Income Trust (GDV), player in Closed-End Fund - Debt, with market cap $1.12B, avg daily vol 247.81K, annual div yield 5.35%
Euroseas Limited (ESEA), player in Shipping, with market cap $121.58M, avg daily vol 117.08K, annual div yield 5.06%
Teche Holding Company (TSH), player in Savings & Loans, with market cap $67.12M, avg daily vol 1.79K, annual div yield 4.44%
Fidelity National Financial Incorporated (FNF), player in Surety & Title Insurance, with market cap $3.31B, avg daily vol 2.18M, annual div yield 4.14%
Federal Realty Investment Trust (FRT), player in REIT - Retail, with market cap $4.38B, avg daily vol 621.67K, annual div yield 3.69%
Hillenbrand Incorporated (HI), player in Personal Services, with market cap $1.31B, avg daily vol 293.73K, annual div yield 3.54%

Natural Gas, UNG and Contango

United States Natural Gas Fund (UNG), as a commodity ETF, tracks natural gas price poorly due to the impact of contango.  The 1st chart below indicates how well UNG has been tracking Natural Gas price over time by using ratio between Natural Gas and UNG in last 8 months (a longer 1 year and 8 month chart is shown on lower right).  The ratio can be interpreted as a metric of contango impact, at this point, it is my observation that we are at natural gas' historically low price point under historically high contango.  This might be a bullish signal for UNG with a contrarian view point.

Sunday, February 28, 2010

Broadcade Communications (BRCD) Q4 2009 Earning Call Recap

BRCD operates in two segments: Storage and Ethernet.  The challenge to BRCD is revenue from Ethernet segment did not meet expectation, according to company statement

This business model is driven by our two key markets, namely our core Storage Networking business and our
newer Ethernet business, which we acquired in Fiscal 2009. During the quarter our Storage Networking
business grew a very healthy 16.3% sequentially. We believe our success in Storage Networking provides a
robust strategic and financial platform for our Ethernet business as we build upon our product portfolio and
account penetration in that market. The high level of customer satisfaction and our reputation in Storage
Networking helps open doors to accounts at the highest levels and provides us with new opportunities to sell
our Ethernet product portfolio along with the resources to build out our distribution model to increase share
in this multi-billion dollar market.

It is clear, however, that we have some work to do in growing our Ethernet business to the levels we expect.
In short, our Ethernet business did not meet our revenue expectations, largely due to lower-than-expected
revenues from Federal customers and slower-than-anticipated development in our go-to-market routes.
However, we have focused on the issues behind these results and have taken immediate steps to rectify
them. We faced and successfully overcame similar challenges when we entered the Fibre Channel business
more than a decade ago. At that time, we recognized that product superiority and channel presence alone
are not sufficient to drive revenues. We needed and established customer intimacy by evangelizing our
technologies, solutions and expertise to customers and channel decision makers.
Leveraging this experience, Brocade is accelerating its strategy and redeploying resources to drive direct
account acquisition and penetration in our Ethernet business. Our stated strategy is to focus on new
account penetration and to have 1000 new Ethernet accounts by the end of 2010. As we exited Q1, we are
on track to exceed this goal. Building share requires sustained effort; and we expect success to take time,
but we have planted flags throughout the Global 2000, and are confident in our resources, vision and
commitment to succeed.

Friday, February 26, 2010

High Dividend Stocks Ex-Dividend from 3/2/2010 to 3/8/2010

This post lists high dividend (annual yield > 3%) stocks go ex-dividend next week order by ex-dividend date and then by yield. Since the timing of capturing the dividend of these stocks are one day before ex-dividend, therefore the listings go from next Tuesday up to the Monday in week after. A total of 14 high dividend stocks go ex-dividend in next week.

Tuesday 3/2/2010
None

Wednesday 3/3/2010
None

Thursday 3/4/2010
None

Friday 3/5/2010
None

Monday 3/8/2010
Ferrellgas Partners L.P. (FGP), player in Specialty Retail, Other, with market cap $1.60B, avg daily vol 172.67K, annual div yield 8.68%
NL Industries (NL), player in Synthetics, with market cap $350.97M, avg daily vol 29.38K, annual div yield 6.93%
Reynolds American (RAI), player in Cigarettes, with market cap $15.39B, avg daily vol 1.29M, annual div yield 6.82%
Pepco Holdings (POM), player in Electric Utilities, with market cap $3.73B, avg daily vol 2.2M, annual div yield 6.42%
UIL Holdings (UIL), player in Electric Utilities, with market cap $820.28M, avg daily vol 115.17K, annual div yield 6.3%
Ameren Corp (AEE), player in Diversified Utilities, with market cap $5.87B, avg daily vol 1.71M, annual div yield 6.23%
CompX International (CIX), player in Machine Tools & Accessories, with market cap $114.92M, avg daily vol 2.94K, annual div yield 5.38%
SCANA Corp. (SCG), player in Diversified Utilities, with market cap $4.44B, avg daily vol 604.12K, annual div yield 5.27%
Barnes & Noble (BKS), player in Specialty Retail, Other, with market cap $1.12B, avg daily vol 1.64M, annual div yield 4.98%
Rayonier (RYN), player in REIT - Diversified, with market cap $3.30B, avg daily vol 717.67K, annual div yield 4.81%
Public Service Enterprise Group (PEG), player in Diversified Utilities, with market cap $15.04B, avg daily vol 2.93M, annual div yield 4.61%
Univest Corp of Pennsylvania (UVSP), player in Regional - Northeast Banks, with market cap $286.00M, avg daily vol 44.37K, annual div yield 4.61%
Flushing Financial Corp (FFIC), player in Savings & Loans, with market cap $395.00M, avg daily vol 100.64K, annual div yield 4.1%
South Jersey Industries (SJI), player in Gas Utilities, with market cap $1.18B, avg daily vol 167.01K, annual div yield 3.31%

Sunday, February 21, 2010

High Dividend Stocks Ex-Dividend from 2/23/2010 to 3/1/2010

This post lists high dividend (annual yield > 3%) stocks go ex-dividend next week order by ex-dividend date and then by yield. Since the timing of capturing the dividend of these stocks are one day before ex-dividend, therefore the listings go from next Tuesday up to the Monday in week after. A total of 32 high dividend stocks go ex-dividend in next week.


Tuesday 2/23/2009
None


Wednesday 2/24/2009



DNP Select Income Fund (DNP), player in Closed-End Fund - Equity, with market cap $2.16B, avg daily vol 310.86K, annual div yield 8.42%
Park National Corporation (PRK), player in Regional - Midwest Banks, with market cap $822.38M, avg daily vol 46.18K, annual div yield 6.8%
Dominion Resources Incorporated VA (D), player in Electric Utilities, with market cap $23.45B, avg daily vol 2.54M, annual div yield 4.67%
Bank of Hawaii Corporation (BOH), player in Regional - Pacific Banks, with market cap $2.09B, avg daily vol 367.35K, annual div yield 4.13%
The York Water Company (YORW), player in Water Utilities, with market cap $172.22M, avg daily vol 23.96K, annual div yield 3.71%


Thursday 2/25/2009

Cherokee Inc. (CHKE), player in Conglomerates, with market cap $154.95M, avg daily vol 73.26K, annual div yield 8.65%
Empire District Electric (EDE), player in Electric Utilities, with market cap $674.36M, avg daily vol 203.17K, annual div yield 6.84%
Inland Real Estate (IRC), player in REIT - Retail, with market cap $715.37M, avg daily vol 526.04K, annual div yield 6.74%
FNB Corp (FNB), player in Regional - Southeast Banks, with market cap $839.86M, avg daily vol 652.48K, annual div yield 6.52%
Penn Real Estate Trust (PEI), player in REIT - Retail, with market cap $429.54M, avg daily vol 378.66K, annual div yield 6.23%
Realty Income Corp (O), player in REIT - Retail, with market cap $2.98B, avg daily vol 930.45K, annual div yield 6.02%
Lorillard Inc. (LO), player in Cigarettes, with market cap $11.94B, avg daily vol 1.47M, annual div yield 5.23%
Home Properties Inc. (HME), player in REIT - Residential, with market cap $1.53B, avg daily vol 476.34K, annual div yield 5.88%
Horizon Lines (HRZ), player in Shipping, with market cap $121.00M, avg daily vol 246.17K, annual div yield 5.03%
Transalta Corp (TAC), player in Electric Utilities, with market cap $4.51B, avg daily vol 43.92K, annual div yield 4.87%
Delta Natural Gas (DGAS), player in Gas Utilities, with market cap $97.20M, avg daily vol 3.81K, annual div yield 4.44%
Safety Insurance Group (SAFT), player in Property & Casualty Insurance, with market cap $545.75M, avg daily vol 41.85K, annual div yield 4.41%
Brookfield Properties (BPO), player in Property Management, with market cap $6.74B, avg daily vol 3.07M, annual div yield 4.19%
CNB Financial Corp (CCNE), player in Regional - Northeast Banks, with market cap $135.44M, avg daily vol 12.14K, annual div yield 4.19%
Nacco Industries (NC), player in Farm & Construction Machinery, with market cap $414.60M, avg daily vol 25.45K, annual div yield 4.14%
Trustmark Corp (TRMK), player in Regional - Southeast Banks, with market cap $1.48B, avg daily vol 505.06K, annual div yield 3.97%
Connecticut Water Services (CTWS), player in Water Utilities, with market cap $196.10M, avg daily vol 19.69K, annual div yield 3.96%
Northeast Utilities (NU), player in Diversified Utilities, with market cap $4.68B, avg daily vol 1.33M, annual div yield 3.86%
NBT Bancorp (NBTB), player in Regional - Northeast Banks, with market cap $732.99M, avg daily vol 106.85K, annual div yield 3.75%
HNI Corp (HNI), player in Business Equipment, with market cap $1.08B, avg daily vol 199.33K, annual div yield 3.6%
McDonald's (MCD), player in Restaurants, with market cap $69.87B, avg daily vol 7.64M, annual div yield 3.4%
CSS Industries (CSS), player in Business Services, with market cap $172.67M, avg daily vol 20.98K, annual div yield 3.36%
Lockheed Martin (LMT), player in Aerospace/Defense Products & Services, with market cap $28.79B, avg daily vol 2.85M, annual div yield 3.26%
CullenFrost Bankers Inc. (CFR), player in Regional - Southwest Banks, with market cap $3.21B, avg daily vol 411.19K, annual div yield 3.22%
Sara Lee Corp (SLE), player in Processed & Packaged Goods, with market cap $9.73B, avg daily vol 5.14M, annual div yield 3.15%
First Merit (FMER), player in Regional - Midwest Banks, with market cap $1.78B, avg daily vol 858.42K, annual div yield 3.1%
Administaff (ASF), player in Staffing & Outsourcing Services, with market cap $439.60M, avg daily vol 262.25K, annual div yield 3.03%


Friday 2/26/2010

None


Monday 3/1/2010

None