The Zacks Growth and Income Profit Track strategy looks for stocks with unusually high dividend yields. Although this screen is based on a long-term and lower risk approach to investing, it has a history of outperforming the S&P 500. Four stocks meeting this screen’s exclusive criteria are: Anthracite Ashford Hospitality Trust Inc. (NYSE: AHT), CapitalSource Inc. (NYSE: CSE), Gramercy Capital Corp. (NYSE: GKK) and Ship Finance International Limited (NYSE: SFL). View the entire list of stocks for the Growth and Income Profit Track at http://at.zacks.com/?id=1850.
Here are details about four companies currently identified by the Growth and Income Profit Track:
Ashford Hospitality Trust Inc. (NYSE: AHT) recently reported second-quarter adjusted funds from operations (AFFO), not including an item, of 44 cents per share, beating last year’s 34 cents and exceeding the consensus estimate by 16%. Total revenue soared 205% to $350.3 million from the previous year’s $114.8 million. AHT sports a current dividend yield of 8.27%.
CapitalSource Inc. (NYSE: CSE) offers a current dividend yield of 11.92%. The company recently announced second-quarter earnings of 68 cents per share, topping the consensus estimate by 5% and outperforming the year-prior result. CSE noted that a regular quarterly dividend of 60 cents per share was paid on June 29, 2007. The dividend was 3.4% higher than the 58 cents paid in the previous quarter.
Gramercy Capital Corp. (NYSE: GKK) posted second-quarter funds from operations (FFO) of 82 cents per share, eclipsing the year-ago total of 58 cents and surpassing the consensus estimate by 21%. Total revenues of $78.3 million increased from last year’s second-quarter result of $43.5 million. The company declared a second-quarter dividend of 63 cents per share, a 12.5% increase from the prior quarter's dividend of 56 cents. GKK’s current dividend yield stands at 11.05%.
Ship Finance International Limited (NYSE: SFL) satisfies the criteria for this Profit Track with a current dividend yield of 8.35%. The company will report results for the second quarter on August 22, 2007 In late May, SFL released results for the first quarter. Earnings per share were ahead of the consensus estimate by 10%. The first-quarter dividend was 55 cents per share, an increase from 54 cents for the previous quarter.
Discover all the current stocks currently on the Growth and Income Profit Track at: http://at.zacks.com/?id=1896.
About Profit Tracks
What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% return. To see all nine strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=1838.
All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report “Top 10 Stock Screening Strategies” at http://at.zacks.com/?id=2156.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=1841.
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Zacks Rank performance is the total return (price changes + dividends) of equal weighted portfolios, consisting of those stocks with the indicated Zacks Rank, assuming zero transaction costs. These returns are not the result of a backtest; these are actual returns since 1988. The stocks in the Zacks Rank portfolios were available to Zacks clients before the beginning of each month (monthly rebalancing). Performance results from 1988 through September 2006 are based on a subset of all Zacks Rank stocks that excludes stocks covered by only one analyst and ADR’s.
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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