This post lists 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 from next Tuesday up to the Monday in week after.
This week majority of ex-dividend stocks are concentrated in these sectors: oil and gas MLP, electric utility, REIT and telecoms.
Tuesday 5/5/2009
Regency Energy Partners LP (RGNC), natural gas infrastructure operator based in Dallas, TX, with annual div yield 13.44%, market cap 1B, avg vol 238K, will pay 44.5c per share cash div. The stock price went through almost the same pattern as CPNO, but fared better than latter, which reflects a better fundamentals than CPNO. As a sidenote, RGNC received 126M investment from GE Finance to expand a natural gas pipeline, reported by WSJ on 2/27. Here is comment about Investor Day takeaway:
Since their Investor Day presentation at the end of March, the units are basically flat while the AMZ is up about 14%.
My conclusion from the Investor Day presentation was that there was no compelling reason to rush into RGNC units. When they announced their intention to keep the distribution intact while noting that coverage ratios drop below 1.0x in 2009, that does not make RGNC an attractive investment to new money when other alternatives are available. The market is agreeing with that conclusion.
I still like this one long term, with a very strong sponsor, heavy reliance on fee-based business model, and good geographic positioning. But they have shown they are willing to give up the upside on projects in return for safety, and any appreciation in the units will be long and slow in nature.
Global Partners LP (GLP), energy products wholesaler based in Waltham, MA with annual div yield 13.44%, market cap 189M, avg vol 20K.
Pioneer Southwest Energy Partners LP (PSE), oil production investor based in TX, annual div yield 11.59%, market cap 518M, avg vol 7.4M. In recent quarters, PSE has been continuously beating earning consensus. The chart indicates the stock is at early bullish trend, and is following crude oil spot price movement.
Enbridge Energy Partners (EEP), oil and gas pipeline and storage operator based in Houston, TX, with annual div yield 10.88%, market cap of 4.17B, and avg vol of 381K. The stock price once dropped 50% from 1 year ago level, now it’s rebounded to 25% down from 1 year ago level. The stock is due for a drop before the next move up.
MeadWestvaco (MWV), consumer product packaging and container producer, with annual div yield 5.16%, market cap 2.78B, avg vol 2M. MWV trades in parallel with International Paper (IP), both companies benefit from federal tax credit for alternative energy use since these paper companies use a byproduct in paper production to power the plants. This benefit has been reflected in their stock prices,MWV rebounded from 60% down to 40% down level, IP rebounded from 80% down to 50% down level from 1 year ago level.
First Energy (FE), annual div yield 5.19%, Dow component electrical utility company based in Akron, OH, with market cap of 13B, avg vol of 2.5M. The chart looks bearish with a down leg expected immediately.
Wednesday 5/6/2009
OSG America, LP (OSP), refined petroleum product shipper within USA, with annual div yield 16.7%, market cap 269.3M, avg vol 39K, will pay cash div 37.5c per share.
EV Energy Partners (EVEP), oil driller and producer based in Houston, TX, with annual div yield 16.4%, market cap 294M, avg vol 76K, will pay cash div 75c per unit.
DCP Midstream Partners (DPM), natural gas transportation and compression operator based in Denver, with annual div yield 14.82%, market cap 457M, avg vol 210K. DPM trades almost in lockstep with RGNC, reflecting the similar fundamentals between the two companies operating in the same sector. DPM will release results on May 7th.
Williams Partners LP (WPZ), natural gas processor based in OK, with annual div yield 14.33%, market cap 935.2M, avg vol 410K. The chart is showing bullish harami.
Inergy LP (NRGY), annual div yield 11.01%, propane, natural gas retailer based in Kansas City, MO with market cap 1.22B, avg vol 266.9M. Technically, it’s breaking out from symmetric triangle to the upside.
NY Community Bancorp (NYB), annual div yield 9.15%, with market cap 3.77B, avg vol 7.1M. The chart indicates that NYB is not out of woods yet, still due for a drop.
Energy Transfer Partners LP (ETP), annual div yield 8.93%, natural gas midstream service and transportation provider based in Dallas with market cap 6.38B, avg vol 1M, will pay cash div 89c per unit. ETB is about to break out to the upside.
Amerigas Partners (APU), annual div yield 8.58%, with market cap 1.78B, avg vol 106K.
First Potomac Realty Trust (FPO), annual div yield 8.47%, with market cap 259M, avg vol 332K.
Inergy Holdings LP (NRGP), annual div yield 8.12%, with market cap 739M, avg vol 27K.
NuStar Energy LP (NS), annual div yield 8.12%, with market cap 2.84B, avg vol 229K.
Energy Transfer Equity LP (ETE), annual div yield 7.91%, with market cap 5.92B, avg vol 743K.
NuStar GP Holdings, LLC (NSH), annual div yield 7.36%, with market cap 993M, avg vol 193K.
Williams Pipeline LP (WMZ), annual div yield 6.86%, with market cap 625M, avg vol 116K.
American Electric Power (AEP), annual div yield 6.09%, with market cap 10.96B, avg vol 5.6M.
Valley National Bancorp (VLY), annual div yield 5.7%, with market cap 1.99B, avg vol 1.69M.
Courier Corp (CRRC), annual div yield 5.58%, with market cap 179M, avg vol 26K.
Thursday 5/7/2009
Atlas Pipeline Partners (APL), annual div yield of 14.6%, with market cap 189M, avg vol 711K.
Macerich (MAC), annual div yield of 14.4%, with market cap of 1.28B, and avg vol of 4.56M.
Exterran Partners LP (EXLP), annual div yield 13.71%, with market cap of 257M, avg vol 31K.
Encore Energy Partners LP (ENP), annual div yield 11.76%, with market cap of 562M, avg vol 61K.
Health Care REIT (HCN), annual div yield 8.23%, with market cap of 3.66B, avg vol 3.79M.
Vornado Realty Trust (VNO), annual div yield 7.99%, with market cap of 7.39B, avg vol 7.9M.
Sunoco Logistics Partners LP (SXL), annual div yield 7.76%, with market cap of 1.5B, avg vol 135K.
Buckeye GP Holdings (BGH), annual div yield 7.63%, with market cap of 489M, avg vol 67K.
United Community Bank (UCBA), annual div yield 7.27%
National Security Group (NSEC), annual div yield 7.26%
Olin Corp (OLN), annual div yield 6.41%, with market cap 966.7M, avg vol 1.7M
Friday 5/8/2009
Grupo Aeroportuario (ASR), annual div yield 5.91%, with market cap of 979M, avg vol 142K.
Overseas ShipHoldings (OSG), annual div yield 5.3%, with market cap of 886M, avg vol of 967K.
First Niagara Financial Group (FNFG), annual div yield 4.25%, with market cap of 1.52B, avg vol of 2.4M.
Intersil (ISIL), annual div yield 4.09%, with market cap 1.43B, avg vol 4.4M.
Monday 5/11/2009
Wayside Technology Group (WSTG), annual div yield 8.25%
Superior Uniform Group (SGC), annual div yield 7.08%
Consolidated Edison (ED), annual div yield 6.32%, with market cap 10.23B, avg vol 2.4M
Entergy Corp (ETR), annual div yield 4.48%, with market cap 12.67B, avg vol 1.9M
China Mobile (CHL), annual div yield 4.04%, with market cap 175B, avg vol 2.2M. The stock has been trading sideways for 5 months, and is due for another drop.
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