Monday, June 09, 2008

Highest Yielding Stocks Under $5 a Share

Many investors think that the perfect stock is one that sells for a low price and pays a high yield. It may be hard to believe but there are actually several stocks, including closed end funds or CEF's, that sell for less than $5 a share and pay a dividend, with five of the stocks with yields in excess of 6%.

All of the following stocks pay quarterly unless otherwise specified. Also, all of the following have market caps above $265 million. Just remember that the yields are based on historical payments, and the dividends can be adjusted or terminated at any time.

Zweig Fund ( ZF ) is a CEF with an objective of capital appreciation primarily through investment in equity securities. The stock has a PE of 12. The stock has a yield of 10.4 %.

Zweig Total Return Fund ( ZTR ) is a CEF with an objective of capital appreciation and current income, with equity investments in technology, energy, industrials, consumer staples, and financials. The stock has a PE of 13. The stock has a yield of 10.3 %.

Dreyfus High Yield Strategies Fund ( DHF ) is a CEF which invests in fixed-income securities which are generally below investment grade credit quality. The stock has a PE of 12. The stock has a yield of 9.1 %.

Qwest Communications International ( Q ) is a provider of wireline and wireless voice, data, Internet, and video services. The stock has a PE of 3 , and a PEG of 4.66 . The stock has a yield of 6.8 %.

Colonial Bancgroup Inc ( CNB ) is a commercial bank holding company which serves Alabama, Florida, Georgia, Nevada and Texas. The stock has a PE of 5 , and a PEG of 1.21 . The stock has a yield of 6.4 %.

United Microelectronics Corp ( UMC ) is a Taiwan based semiconductor manufacturer. It pays dividends annually. The stock has a PE of 19 , and a PEG of 1.8 . The stock has a yield of 3.2 %.

Mahanagar Telephone Nigam Ltd. ( MTE ) is an India based provider of fixed line telecommunications services in Delhi and Mumbai. I pays dividends semi-annually. The stock has a PE of 6 , and a PEG of 5.01 . The stock has a yield of 5.6 %.

Quest Capital Corp ( QCC ) is a Canadian real estate mortgage financing company. They recently announced a dividend of $0.045 per share which is an 80% increase over the previous dividend. The stock has a PE of 13. The stock has a yield of 5.1 %.

UCBH Holdings Inc. ( UCBH ) is a San Francisco bank holding company which owns United Commercial Bank. The stock has a PE of 5 , and a PEG of 0.67 . The stock has a yield of 3.7 %.

Transportadora de Gas Del Sur S.A. ( TGS ) is an Argentina based transporter and marketer of natural gas. The stock has a PE of 12. The stock has a yield of 0.9 %.

If you like high yield stocks, you should review high yield electric utility stocks, high yield gas utilities, and oil royalty trusts that have high yields.

Author does not own any of the above.

By Fred Fuld at Stockerblog.com

2 comments:

www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

Just watch

The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .

But still we say there are many undervalued stocks which can be used for investment.

To name few
1. DIGJAM
2. SBI

Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.

For any query feel free to contact us.

Regards
SHARETIPSINFO TEAM

+91 9891655316
+91 9899056796
+91 9891890425

www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

Just watch

The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .

But still we say there are many undervalued stocks which can be used for investment.

To name few
1. DIGJAM
2. SBI

Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.

For any query feel free to contact us.

Regards
SHARETIPSINFO TEAM

+91 9891655316
+91 9899056796
+91 9891890425