Here are the list of high dividend (annual yield > 4%) 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 up to the Monday in week after.
Monday 3/30/2009
Liberty Properties (LRY), annual div yield 9.89%, REIT - Office player in Malvern PA, will pay cash dividend $0.475, market cap 1.99B, avg volume 1.391mln. Its major business is leasing office and industrial properties. Fundamentally, LRY beats earning estimate until Q4 2008, and early retired debt that was scheduled to mature in 2010. Technically, LRY chart doesn’t seem bullish, nor very bearish, all moving averages lines are still trending downward, stock price is sticky to the closely tied together 60 DMA and 90 DMA.
Realty Income Corp (O), 9.76%
Alexandria Real Estate Equities (ARE), annual div yield 8.81%, REIT - Industrial player in California, will pay cash dividend $0.8, market cap 1.26B, avg volume 1.4 mln, mainly involves in leasing industrial buildings with scientific research and labs to universities, independent nonprofit institutions and government research entities. Fundamentally, due to the nature of customer base being nonprofit basis, the earning outlook should be more related to government funding rather than commercial pharmaceutical funding. The earning history was flat and stable. Technically, the chart looks rather bearish.
Avalonbay Communities (AVB), annual div yield 7.44%, REIT - Residential community manager in Alexandria, VA, will pay cash dividend $0.8925, market cap 3.9B, avg volume 3.47 mln. Technically, chart looks bearish.
Konninklijke Philips Electronics (PHG), annual div yield 5.29%, electronics giant based in Amsterdam. Technically, PHG seems stablizing, but still not bullish
Maiden Holdings Ltd (MHLD), annual div yield 4.78%
CVB Financial (CVBF), annual div yield 4.49%
Republic Services (RSG), annual div yield 4.36%
Friday 3/27/2009 Market Condition: Bearish, end of a winning streak, may retest 2002-2003 Tech bubble low ahead.
Tuesday 3/31/2009
America Capital Agency (AGNC), annual div yield 19.56%, mortgage investment REIT, primarily invests in government agency backed MBS, plays with the spread between MBS and repurchase agreements. Gary Kain, former Freddie Mac Capital Markets SVP was hired to head the investment team. AGNC will pay $0.85 cash dividend. market cap was 265 mln, avg volume is 243K. When talking about investing in Hybrid ARMs, Gary prefers investing in CMT ARM than Libor ARM. Technically, the stock reversed the bullish trend right after Q4 2008 earning announcement, it’s very hard for the company to maintain a bullish trend in 2008, but AGNC weathered storm by investing in “option strategy”. However, AGNC stopped using that strategy starting from Q1 2009, therefore investors are concerned about the profitability of future investment strategy and future of dividends. The pressure on stock prices reflects that concern.
Books-A-Million (BAMM), annual div yield 4.32%. Technically BAMM looks bullish in long term, however, in short term, it’s bearish, it should go back to 3 to 3.5 range before it goes up again.
Wednesday 4/1/2009
Hatteras Financial Corp (HTS), annual div yield 17.95%, market cap 869m, avg vol 532,332, REIT that invests in mortgage backed securities, will pay cash dividend $1.05 per share. HTS invests in Fannie and Freddie hybrid ARM, in their portfolio, Fannie ARM takes 70%, Freddie takes 30%. The total Agency ARM market is 300+ B. HTS’ funding comes from Libor Swap and Repo, funding rates are indexed to 30 day Libor. The company did well in 2008 because rate dislocation caused by market volatility made the funding rate low, but MBS rate was relatively stable. However, recent government decision to buy MBS drove down the MBS rates, therefore the NIM in 2009 may get lower than 2008. This uncertainty maybe the reason by HTS chart seems a little bearish even though the company recently raised dividend.
Brandywine Realty (BDN), annual div yield 14.81%, office / industrial property leasing REIT, will pay dividend 10c per share. The chart looks bearish.
Mack-Cali Realty (CLI), annual div yield 9.49%, with 1.3B market cap, 1.9 m avg vol, retail properties leasing REIT, will pay cash div 45c per share. The chart looks short term neutral, long term bearish.
Urstadt Biddle Properties (UBA), annual div yield 7.08%, with 329M market cap, 130k avg vol, retail property leasing REIT based in CT, will pay cash div 24c per share. The chart looks bearish
Toronto-Dominion Bank (TD), annual div yield 6.79%
American River Bankshares (AMRB), annual div yield 6.31%
Bristol-Myers Squibb (BMY), annual div yield 5.89%. BMY chart shows a relatively bullish outlook. Concensus expects its earning to grow steadily in the future.
American Express (AXP), annual div yield 5.1%
Technitrol Inc. (TNL), annual div yield 4.46%
Commercial Metals (CMC), annual div yield 4.1%
Sysco Corp (SYY), annual div yield 4.06%
Thursday 4/2/2009
Kimco Realty Corp (KIM), annual div yield 22.98%, with 2.07B market cap, 9.5m avg vol, mall owner REIT, will pay cash dividend 44c per share. The retail REITs are under attack recently because of the weakness in consumers, most of these REITs are diluting existing shareholders’ equity to raise capital.
AMB Properties Corp (AMB), annual div yield 7.92%
Chimera Investment (CIM), annual div yield 7.12%
First National Lincoln Corp (FNLC), annual div yield 4.43%
Friday 4/3/2009
Kite Realty Group (KRG), annual div yield 23.64%
Sovran Self Storage (SSS), annual div yield 13.16%
Bank of Nova Scotia (BNS), annual div yield 7.57%
Glatfelter (GLT), annual div yield 5.27%
U-Store-It Trust (YSI), annual div yield 4.88%
Gentex Corp (GNTX), annual div yield 4.36%
Monday 4/6/2009
Kohlberg Capital (KCAP), annual div yield 29.81%
DCT Industrial Trust (DCT), annual div yield 10.32%
PNM Resources (PNM), annual div yield 6%
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