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 a lot of blue-chip NYSE listed stocks, including many energy trusts, will go ex-dividend next week. There are so many of higher than 4% dividend yield stocks go ex-dividend next Tuesday and Wednesday, I will only list those with 6%+ yield.
A number of the ex-dividend stocks next week are Master Limited Partnerships (MLP), which are mainly investors in energy infrastructures. Charts show that many of these companies has just broken their bottom on the upside, it may be a good time to enter now.
Tuesday 4/28/2009
Anworth Mortgage (ANH), agency MBS investment REIT based in CA, with annual div yield 18.87%, market cap 632M, avg vol 1.375M, will pay 30c per share cash div. Chart looks long term mildly bearish, mid-term mildly bullish, and short-term very bearish. The positive news was the company has been raising dividend since at least 1 year ago, and it’s raised again for the upcoming dividend. This is impressive during this turmoil. The interesting thing is this company is distributing more cash than it earned last quarter.
Babcock & Brown Air (FLY), with annual div yield 12.8%, market cap 203M, avg vol 146K.
PennWest Energy Trust (PWE), annual div yield 12.6%. PWE cuts its dividend again from 18c USD to 12c USD this month. Q4 2008 natural gas sales was 39% of the total PWE sales, the rest was petroleum revenues. In 2011, Canada will apply taxes on energy trusts, PWE has prepared for this transition, below is an excerpt from PWE’s annual summary:
commencing in 2011, the government of canada will
subject the distributions of canadian energy trusts to a new
tax, called a SifT (“Specified investment flow Through”)
tax. penn West has been preparing for this transition
since the future change in tax status was announced in
october 2006. Through our years as a growth-oriented e&p
(“exploration and production”) company as well as through
the numerous acquisitions we have made over the past
several years, we have accumulated tax pools resulting
from capital investments on facilities and infrastructure,
depreciation and other recognized expenses that we expect
will exceed $7 billion by the transition year. This will shelter a
large portion of distributions from tax-exposure, enabling us
to continue operating essentially as a trust for a period past
the 2011 start of the SifT tax. We believe this constitutes a
major benefit to our investors. following this period, prudent
exercise of our tax advantages should allow us to maintain
a strong and reasonably tax-efficient income stream as a
relatively high-yielding corporation well into the future.
Transmontaigne Partners LP (TLP), annual div yield 11.77%, with market cap of 249M, and avg vol of 67.8K.
Teppco Partners LP (TPP), MLP that operates refined oil and liquid natural gas pipeline based in Houston, TX, with annual div yield 10.9%, market cap 2.79B, avg vol 359K. Technically, TPP has broken out from its bottom on the upside despite its fundamentally negative news: not hitting target EPS in the past few quarters. See here for a detailed background about MLP.
Deutsche Telekom (DT), annual div yield 6.6%, with market cap of 51B, avg vol of 1.6M. DT hasn’t finished its downtrend due to its recently lowered 2009 outlook. DT has lowered its dividend from $1.21 to $.78, and will pay annual div once a year.
Baytex Energy Trust (BTE), open-ended, unincorporated investment trust based in Canada, with annual div yield 10.24%, market cap of 1.39B and avg vol of 512K. Like PWE, BTE pays dividend monthly, the upcoming dividend per unit is 9.9c USD. The weight of petroleum related revenue in the 2008 total was 86%.
Banco Santander S.A. (STD), annual div yield 9.9%, with market cap 80.7B, avg vol 4.8M. Spanish bank which paid higher dividend amount in the second quarter (this upcoming one) in the last two years. Expect the stock price to go sideways in mid-term, and to dip to Nov-08 lows before July.
Duncan Energy Partners (DEP), refined oil and liquid natural gas pipeline operator based in Houston, TX, with annual div yield 9.81%, market cap 1.01B, avg vol 102K. Similar to TPP, DEP stock price is recovering, but comparing to TPP, DEP seems to have a better shape. Both stocks may face an immediate pull-back.
Oneok Partners, Ltd. (OKS), annual div yield 9.24%, with market cap 4.25B, avg vol 198K.
Enterprise Products (EPD), annual div yield 9.2%, with market cap 10.52B, avg vol 1.2M.
Mesa Royalty Trust (MTR), annual div yield 8.98%, with market cap 50M, avg vol 5K.
Zenith National (ZNT), annual div yield 8.8%, with market cap 843M, avg vol 479K.
Kinder Morgan Energy Partners LP (KMP), annual div yield 8.71%, with market cap 12.8B, avg vol 992K.
San Juan Basin Royalty Trust (SJT), annual div yield 8.54%, with market cap 651M, avg vol 255.8K.
NiSource (NI), utility company serving 3.3 million households based in IN, with annual div yield 8.49%, market cap 2.97B, avg vol 4.2M. NI will continue to pay 23c per share dividend. NI will release 1st quarter results on May 1st before market open, expect a pre-earning rally (which did happen before last two earning releases). NI’s stock price went thru a long down trend from early 2007, and didn’t bottom until early March. Now its stock price has recovered from historical low $7.8 to $10.8 last Friday.
Education Realty Trust (EDR), annual div yield 8.2%, with market cap 142M, avg vol 174K.
National Retail Properties (NNN), annual div yield 7.89%, retail property REIT, with market cap 1.5B, avg vol 2.3M, will pay dividend 37.5c per share. The chart looks bullish, seems unaffected by increasing unemployment rate.
Enterprise GP Holdings LP (EPE), annual div yield 7.82%, with market cap 3.45B, avg vol 189K.
Omega HealthCare Investors (OHI), annual div yield 7.44%, with market cap 1.33B, avg vol 1.9M.
Alliant Energy (LNT), annual div yield 6.49%, with market cap 2.55B, avg vol 1.1M.
Hugoton Royalty Trust (HGT), annual div yield 6.46%, with market cap 414M, avg vol 317K.
Dime Bancorp (DCOM), annual div yield 6.36%, with market cap 300M, avg vol 262K.
Cross Timbers Royalty Trust (CRT), annual div yield 6.33%, with market cap 118M, avg vol 44K.
Oneok Inc. (OKE), annual div yield 6.29%, with market cap 2.68B, avg vol 1M.
Wednesday 4/29/2009
Cheniere Energy Partners (CQP), LNG receiving terminal MLP based in Houston, TX, with annual div yield 22.67%, market cap 1.21B, avg vol 56K, will pay cash div 43c per share. CQP over-estimated the demand for LNG, and apparently over-built LNG receiving terminals, this has caused net losses for CQP in both 2007 and 2008. The chart looks mildly bullish and short-term over-bought.
Copano Energy (CPNO), LNP pipeline MLP based in Houston, TX, with annual div yield 14.72%, market cap 845M, avg vol 308K, will pay cash div 57.5c per unit, and release earning results on May 6. Comparing with CQP, CPNO is a relaively safe play given its stable earning history. CPNO’s nature of business determines that its stock price could be independent from volatile commodity prices. However, from technical perspective, CQP looks more bullish than CPNO. Both CQP and CPNO are due for a corrections, CPNO may pull back more than CQP if the correction happens. There are conflicting signs on CPNO chart, on one hand, it has broken the symmetrical triangle on the upside, on the other hand, there is signs that it’s due for a correction. However, Tuesday’s action confirms it’s in bullish trend. Here is another savvy investor’s comment on CPNO:
The interesting thing about CPNO is that it’s capital structure.
Almost all of its comps (e.g., DPM, KMP, OKS) all have a general
parner, to which it is required to pay a higher amount of its cash
flow as absolute cash flow increases - all this is based upon some
agreed marginal payment structure called incentive distribution
rights. However, CPNO does not have a general partner as it is an
LLC. This means that CPNO has sole discretion about how to pay its
increasing cash flows. Becasuse all cash flow go to equity unit
holders and not the general partner, cost of equity remains cheap even
as CPNO pays an increasing yeild.Cheap equity = cheap cost of acquisitions = higher growth over the
long term.CPNO is always a buy (so long as it is the only one with its
structure) and is something you pass on to your grandchildren.
Cousins Properties (CUZ), diversified REIT based in Atlanta, with annual div yield 11.06%, market cap 464M, avg vol 1.1M. CUZ has still not hit bottom yet, its stock price is under pressure.
CCA Industries (CAW), annual div yield 9.3%, with market cap 21.6M, avg vol 13K.
Bank of Montreal (BMO), annual div yield 8.44%, with market cap 17.9B, avg vol 1.4M.
Western Gas Partners (WES), annual div yield 7.82%, with market cap 853.9M, avg vol 132K.
Pinnacle West (PNW), annual div yield 7.68%, with market cap 2.76B, avg vol 1.3M.
Realty Income Corp (O), annual div yield 7.63%, with market cap 2.34B, avg vol 3.1M, will pay monthly cash div 17c per share. This reflects a higher div payout than last time. Technically, O has bottomed. Fundamentally, O did manage to beat its earning expectations even in the turmoil 2008, and Q1 2009.
Unitil Corp (UTL), annual div yield 7.24%, with market cap 154M, avg vol 48K.
GlaxoSmithKline PLC (GSK), annual div yield 6.85%, with market cap 74B, avg vol 2.3M. Recent Mexican Swine Flu crisis may benefit GSK.
WSB Holdings (WSB), annual div yield 6.84%, with market cap 18M, avg vol 2K.
El Paso Partners Pipeline LP (EPB), annual div yield 6.82%, with market cap 2.11B, avg vol 176K.
Ocean First Financial (OCFC), annual div yield 6.32%, with market cap 156M, avg vol 36K.
Thursday 4/30/2009
Markwest Energy Partners (MWE), annual div yield of 17.7%, natural gas explorer based in Denver with market cap 823M, avg vol 496K. Chart indicates that MWE has bottomed and is now recovering.
Penn Virginia Resource Partners LP (PVR), annual div yield of 14.05%, with market cap of 693M, and avg vol of 226K.
Penn Virginia GP Holdings (PVG), annual div yield 12.64%, with market cap of 468M, avg vol 92K.
Genesis Energy LP (GEL), annual div yield 11.3%, with market cap of 467.5M, avg vol 135K.
National Resource Partners LP (NRP), annual div yield 9.12%, with market cap of 1.54B, avg vol 157K.
Boardwalk Pipeline Partners (BWP), annual div yield 8.53%, with market cap of 4B, avg vol 304K.
Southern Company (SO), annual div yield 5.94%, with market cap of 22.91B, avg vol 5.28M.
Wilmington Trust (WL), annual div yield 4.87%, with market cap of 973M, avg vol 1.29M.
Eaton Corp (ETN), annual div yield 4.55%, with market cap of 7.27B, avg vol 2.4M.
Friday 5/1/2009
Calumet Specialty Products LP (CLMT), annual div yield 16.97%, with market cap of 341.9M, avg vol 89K.
Northstar Realty Finance (NRF), annual div yield 13.1%, with market cap of 196M, avg vol of 723K. Lowered its dividend to $0.1 per quarter.
Monday 5/4/2009
Harleysville Savings (HARL), annual div yield 6.01%, with market cap 43M, avg vol 1K.
Middleburg Financial Corp (MBRG), annual div yield 5.31%.
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