We have a new list of high yield dividend stocks that are also filtered by being high quailty stocks. The filters are shown in the table below. These stock criteria include a buy or hold rating from Zacks Research, a projected EPS of 10% or greater, cashflow growth rate of 0.06% or greater, etc.
|Is Rated Buy or Hold
|Greater than or Equal to 5.00%
|EPS Growth (Proj this Yr vs. Last Yr)
|Greater than or Equal to 10.00%
|P/E (This Year’s Estimate)
|Less than or Equal to 20.0
|Cash Flow Growth Rate (TTM vs. Prior TTM)
|Greater than or Equal to 0.06%
|Interest Coverage (Most Recent Qtr)
|Greater than or Equal to 3.0x
|Greater than or Equal to $5.00
|Volume (90 day Average)
|Greater than or Equal to 50.0K
The list of stocks passing this hurdle are shown in the graph below. The most impressive stock is Two Harbors (TWO) which sports an 18% yield due to a recent price decline. TWO has NO long-term debt which is great for a REIT and is rated a strong buy by many analyst, Here is a detailed company description:
mortgage-backed securities (RMBS). The Company focuses on investing in the asset classes, which includes agency RMBS, non-agency RMBS and financial assets other than RMBS, consisting of approximately 5% to 10% of the portfolio. Two Harbors is externally managed and advised by PRCM Advisers LLC. Capitol Acquisition Corp. (Capitol) is a wholly owned indirect subsidiary of Two Harbors. On October 28, 2009, Two Harbors Merger Corp., a wholly owned subsidiary of the Company merged with Capitol.