Investors love low priced stocks. Investors love dividends. What happens if you combine the two criteria? WallStreetNewsNetwork.com just came out with a list of over 25 stocks selling for less than $10 per share, with market caps over $250 million, and yields over 10%. Many of them were closed end funds, but several are businesses, such as Cedar Fair LP (FUN), the amusement park and water park company, which just went ex-dividend. Based on its latest quarterly payment of 25 cents, it yields 14.6%.
How about a biotech that has a 12.2% yield? PDL BioPharma, Inc. (PDLI) is an interesting company selling for less than ten dollars a share. They manage antibody humanization patents and royalty assets, consisting of patents and license agreements with biotech companies. They also pay 25 cents per quarter and last went ex dividend on September 15, and paid their dividend October 1. They just priced a $300 million securitization transaction which will monetize 60% of the royalties from sales of current Genentech products. They intend to pay a significant portion of the proceeds from the securitization to stockholders in the form of a special dividend, most likely in December of this year. The total amount of this special cash dividend, along with the record and payment dates will be finalized at the upcoming board of director's meeting on November 11th and announced the following day.
If you want to see a bunch of other interesting low priced high yield stocks in the form of a free downloadable Excel database of high dividend low priced stocks, go to wsnn.com.
Cutting dividend distributions has been all the rage in the last year, especially among financial companies. 2009 is expected to see of the largest declines in dividends in the S&P 500 (^GSPC) since the 1930s as companies cut, or completely eliminate, payouts.
Some companies cut their dividends for the first time in decades ...
Highlighted stocks include Calumet Specialty Products Partners L.P. (CLMT), United Online, Inc. (UNTD), and Cedar Fair L.P. ( FUN). Cutting dividend distributions has been all the rage in the last year, especially among financial companies. 2009 is expected to see of the largest declines in dividends in the S&P 500 since the 1930s as companies cut, or completely eliminate, payouts. Some companies cut their dividends for the first time in[More...]
Here’s the link to see all three parts, including some that did not appear on TV, of The Daily Show’s Jon Stewart and Mad Money’s Jim Cramer.
I’ll discuss on show 150.
Amazon announced the upgrade to their Kindle ebook reading device today. Get in line to buy one if you want. I just sold my old one yesterday. I will probably not be buying the new one because I think for $359 I can buy a heck of a lot of books. Or I can buy [...]
Here’s an easy to digest journey through the 12 Step Program for Active Investors. The 12 steps span four videos. Be sure to watch all four!
FOR BEST RESULTS, AFTER YOU CLICK PLAY, CLICK THE ARROW BUTTON IN THE BOTTOM RIGHT THEN SELECT "HQ" TO GET EVERY OUNCE OF INDEXING JOY FROM THESE VIDEOS!!!
Steps 1-3
Steps 4-6
Steps [...]
We just finished watching our favorite movie. Again. Every year on February 2nd we try to set aside some time to watch Groundhog Day. Again and again. When I say favorite, I mean our number one pick of all movies. The only other movie we watch multiple times would be some version of Charles Dickens’ [...]
