5 High Dividend Stocks Yielding Over 20%

Sometimes income investors like to do a little speculation. But instead of speculating by buying penny stocks or stock options, they purchase some extremely high yield stocks. By extremely high yield, these are stocks yielding over 10%, and some even pay more than 20%.

Stocks with yields this high are obviously risky, which is why they are selling at a price to generate such a high rate. Of course, there is the list that the dividend can be cut or eliminated entirely. So for investors willing to take the risk, here are five high dividend stocks yielding over 20%.

SandRidge Permian Trust (PER) receives oil and gas reserves from its reserves in the Texas Permian Basin. The stock pays an outrageously high yield of 36.9%, paying 64 cents on a quarterly basis. The company has been paying dividends since 2011. The trust has no debt and almost $5 million in cash.

Intersections (INTX) has been paying 20 cents each quarter steadily for the last eleven quarters, with one exception, when it paid a year-end dividend a couple years ago of 70 cents.   The company has four businesses: personal information services, insurance, pet health monitoring, and bail bonds industry solutions. The yield is a very high 22.9%.

Do you prefer to receive your dividends monthly? Then you may want to consider Cornerstone Progressive Return (CFP), a closed end equity fund which invests in income stocks, ETFs, and other closed end funds. The investment yields 20.9%.

Cornerstone Strategic Value (CLM) is another closed end fund of the same family. It pays 20.0%, and payouts are also made on a monthly basis.

CTC Media (CTCM) is a Russian company that owns television networks. The dividend has increased three times since March of 2012. The stock sports a yield of 20.8%.

If you decide to put any of these in your portfolio, make sure you understand the risks. But if the investments work out they may be the highest yielding ones you've ever owned.

Disclosure: Author didn't own any of the above at the time the article was written.

By Stockerblog.com

Stocks Going Ex Dividend the Fourth Week of May

Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets. In flat or choppy markets, you have to be extremely careful.

In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after the ex date. The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend during the next week or two. The list contains many dividend paying companies, all with market caps over $500 million, and yields over 2%. Here are a few examples showing the stock symbol, the market capitalization, the ex-dividend date and the yield.

Park National Corporation (PRK) market cap: $1.0B ex div date: 5/23/2011 yield: 5.6%

Bank of Hawaii Corporation (BOH) market cap: $2.3B ex div date: 5/26/2011 yield: 3.8%

Intersections Inc. (INTX) market cap: $269.3M ex div date: 5/26/2011 yield: 4.0%

Whiterock Real Estate Investment Trust (WRKUF) market cap: $291.9M ex div date: 5/26/2011 yield: 8.2%

Brompton VIP Income Fund (BVPIF) market cap: $493.2M ex div date: 5/26/2011 yield: 8.9%

Bird Construction Inc (BIRDF) market cap: $534.7M ex div date: 5/26/2011 yield: 5.2%

The additional ex-dividend stocks can be found at wsnn.com. (If you have been to the website before, and the latest link doesn't show up, you may have to empty your cache.) If you like dividend stocks, you should check out the high yield utility stocks and the Monthly Dividend Stocks at WallStreetNewsNetwork.com or WSNN.com.

Dividend definitions:

Declaration date: the day that the company declares that there is going to be an upcoming dividend.

Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.

Record date: the day when you must be on the company's books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks two business days before the record date.

Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.

Don't forget to reconfirm the ex-dividend date with the company before implementing this technique.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com