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|
|Dividend Yield||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|
|Security Price||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.