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Stocks with Dividend Yields Above 10%

The following table displays stocks with a high dividend yield of 10% or more.  These stocks are rated bullish or very bullish by their equity summary scores.  The complete list includes PZN, CXS, NYMT, ANH, DX, PMT, ARI, and NCT.  The top 3 yielding stocks are profiled below.

Pzena Investment Management, Inc. (PZN) is a publicly owned investment manager. It provides its services to individuals, typically high net worth individuals, investment companies, charitable organizations, corporations, state or municipal government entities, pension and profit sharing plans, and pooled investment vehicles. The firm launches and manages equity mutual funds and manages balanced mutual fund for its clients. The firm invests in the public equity markets across the globe. The firm employs fundamental analysis while making its investments. Pzena Investment Management, Inc. was founded in 1995 and is based in New York City.  PZN is trading at $4.96 with a dividend yield of 15.3%.   On February 8, 2012 PZN approved a
dividend of 0.19 per share payable on March 2, 2012.

On 02/08/12, the company announced quarterly earnings of 0.08 per share, a positive surprise of 11.1% above the consensus 0.07.  Over the past 4 quarters, the company has reported 3 positive (>2%), 0 negative (<-2%), and 1 in-line (within 2%) surprises.  The average surprise for this time period has been 4.7%.  PZN’s current quarter consensus estimate has increased over the past 90 days from 0.07 to 0.08, a gain of 17.1%.  This improvement is significantly greater than its Industry average of 0.0% during the same time period.  Over the past 90 days, the consensus price target for PZN has increased notably from 4.31 to 5.25, a gain of 21.8%.

CreXus Investment Corp. (CXS) is specialty finance company, which acquires, manages, and finances, directly or through its subsidiaries, commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities (CMBS), and other commercial real estate-related assets. It also acquires subordinated commercial mortgage loans and mezzanine loans.  CXS is trading at $10.98 with a 13% yield.

On 02/23/12, the company announced quarterly earnings of 0.55 per share, a positive surprise of 63.2% above the consensus 0.34.  Over the past 4 quarters, the company has reported 3 positive (>2%), 1 negative(<-2%), and 0 in-line (within 2%) surprises.  The average surprise for this time period has been 26.2%.  CXS’s current quarter consensus estimate has remained relatively  unchanged over the past 90 days at 0.31.  Estimates within its Industry have moved an average of 1.0% during the same time period.  During the past four weeks, analysts covering CXS have made 2 upward and 0 downward EPS estimate revisions for the current quarter.

New York Mortgage Trust, Inc., (NYMT) operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, investing, financing, and managing mortgage-related assets.  While New York Mortgage Trust Inc.’s earnings have increased from $0.11 to an estimated $0.35 over the past 5 quarters, they have shown acceleration in quarterly growth rates when adjusted for the volatility of earnings. This indicates an improvement in future earnings growth may occur.  NYMT is trading at $7.02 with a 14% yield.  NYMT has an outperform rating from Zacks Investment Research.

NYMT’s current quarter consensus estimate has decreased over the past 90 days from 0.34 to 0.33, a loss of -5.0%.  Consensus estimates for the Specialty Financials Industry have moved an average 1.0% during the same time period.  During the past four weeks, analysts covering NYMT have made no upward or downward EPS estimate revisions for the current quarter.

Quality Stocks with High Yield Dividends

With so investors seeking high yield, it’s important for income investors to find dependable high yield dividend payers that they can count on.  With projections for a slower growth economy amid historically low  interest rates, it’s now more important than ever to find these solid dividend paying companies as there are fewer places to turn to for high yielding investments without taking on unwelcomed risk.  By screening for stocks with market beating yields, double digit growth rates, above median increasing cash flows and a strong balance sheet, this screen seeks to do just that by finding those companies that could turn into long-term core holdings for an income producing portfolio.  And with a Zacks Recommendation of a Buy or at least a Hold, these stocks have the potential to become total return winners as well.

Dividend paying stocks can help you build out a well diversified portfolio.  And if projections for a slower growth economy come true, the investment vehicles with ‘something extra’, i.e., solid and dependable dividends, will become even more highly sought after as investors seek out the best total returns while keeping a watchful eye on risk.

This list is filled with high yield stocks, many above 10%, that are ranked buy or hold by Zachs Investment Research.  Some of the popular names include: FUN that is being recommenmded by Jim Cramer; FSC & MAIN that are monthly dividend payers, CXS & PMT that offer mortgage REIT yields; and several energy stocks for continuing dividends.  The table belows displays the list of high yield dividend stocks.

high yield dividend stock with high quality ratings

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