There are a huge number of stocks, including closed end funds, real estate trusts, master limited partnerships, and oil royalty trusts, which pay their dividends monthly. The advantages of receiving monthly dividends are several:
1. They accelerate the investors' return of capital.
2. They compound faster than quarterly dividend stocks when reinvested.
3. They provide a steadier cash flow for retirees on a fixed income who required a consistent monthly income.
4. The stream of income helps reduce volatility.
5. Some of these monthly dividend stocks have yields that are partially or wholly tax free.
According to WallStreetNewsNetwork.com, there are 323 different stocks which pay their dividends on a monthly basis, with yields from half a percent to almost 50%. Be careful, as many of these yields are extremely high and those dividends may not be sustainable.
The highest yielding growth and income fund is the Boulder Growth & Income Fund Inc. (BIF) with a yield of 25.9%. It is a closed end equity fund which invests in stocks in various sectors and real estate investment trusts. Their recent dividends have been considered almost all return of capital, in other wrds, non-taxable. Talk to your tax advisor regarding the taxation of dividends before investing. They have been paying dividends since 1988.
Harvest Energy Trust (HTE) is a Canadian oil income trust yielding 30.8%. This Calgary, Alberta based company operates petroleum and natural gas properties in western Canada. They have been paying monthly dividends since 2005.
The highest natural gas royalty trust is Hugoton Royalty Trust (HGT) which yields 13.2%. It has paid monthly dividends since 1999.
The highest yielding global real estate CEF is the ING Clarion Global Real Estate Income Fund (IGR), which invests in real estate stocks, and yields 22.9%. They have been paying monthly dividends since 2004.
Calamos Convertible Opportunities & Income Fund (CHI) is the highest yielding convertible bond fund, with a yield of 18.8%. It invests in high yield bonds and convertible bonds of all ratings. It has been paying monthly dividends since 2002.
One of the highest yielding dividend paying stock funds is the ING Global Equity Dividend & Premium Opportunity Fund (IGD) which yields 17.4%. They have been paying monthly dividends since 2005.
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) is one of the highest yielding preferred stock CEFs. It yields 13.7% and has paid monthly dividends since 1992.
The highest yielding floating rate bond fund is PIMCO Floating Rate Income Fund (PFL) yielding 14.6%. They have been paying monthly dividends since 2003.
Please note, many of the above are low cap stocks. A downloadable Excel spreadsheet database of over 300 monthly dividend stocks can be found at WallStreetNewsNetwork.com. If you like high yield stocks, you should check out High Cash, No Debt, High Yield Stocks and Tax Free Income Stocks.
Author does not own any of the above.
By Stockerblog.com
Monday, November 03, 2008
Sunday, November 02, 2008
High Cash, No Debt, High Yield Stocks
If you are looking for the perfect stock, these days you might ignore the PE ratios and the PEG ratios, and look for stocks with large amounts of cash, no debt, and pay a high dividend. These types of stocks are considered to be the best ones to weather a severe recession. According to WallStreetNewsNetwork.com, there are 35 stocks that are debt free, with plenty of cash, and dividend yields between 1% and 18.5%.
Biovail Corp ( BVF ) is a pharmaceutical company which develops treatments for central nervous system disorders, pain management, and cardiovascular diseases. They currently have 354.1 million in cash, giving them $2.23 in cash per share. The stock has a forward PE of 7.1 and pays a yield of 18.5 %.
Terra Nitrogen Co. ( TNH ) produces and markets nitrogen fertilizer products . They currently have 190.1 million in cash, giving them $10.18 in cash per share. The stock has a PE of 5.5 and pays a yield of 14.9 %.
Mahanagar Telephone Nigam ( MTE ) is a provider of fixed-line and other telecommunications services in Delhi and Mumbai, India. They currently have 704.9 million in cash, giving them $2.24 in cash per share. The stock has a forward PE of 10.17 and pays a yield of 9.4 %.
Maxim Integrated Products ( MXIM ) makes and sells linear and mixed-signal integrated circuits. They currently have 1.218 billion in cash, giving them $3.80 in cash per share. The stock has a forward PE of 11.36 and pays a yield of 6.5 %.
Lorillard ( LO ) makes and markets cigarettes in the United States. They currently have 1.208 billion in cash, giving them $7.11 in cash per share. The stock has a forward PE of 11.66 and pays a yield of 5.8 %.
Grupo Aeroportuario Del Sureste ( ASR ) is an operator of airports in Mexico. They currently have 136.0 million in cash, giving them $4.54 in cash per share. The stock has a forward PE of 9.31 and pays a yield of 5.8 %.
Cohn & Steers ( CNS ) is a manager of high-income equity portfolios and provider of investment banking services. They currently have 200.4 million in cash, giving them $4.82 in cash per share. The stock has a forward PE of 15.9 and pays a yield of 5.7 %.
Gentex Cp ( GNTX ) makes and sells electro-optic products, automatic-dimming rearview mirrors, and fire protection products. They currently have 338.2 million in cash, giving them $2.41 in cash per share. The stock has a forward PE of 17.98 and pays a yield of 5 %.
Paychex Inc ( PAYX ) is a provider of payroll services, and integrated human resource and employee benefits outsourcing. They currently have 464.1 million in cash, giving them $1.29 in cash per share. The stock has a forward PE of 15.77 and pays a yield of 4.7 %.
Analog Devices ( ADI ) makes and sells analog, mixed-signal, and digital signal processing integrated circuits. They currently have 1.278 billion in cash, giving them $4.40 in cash per share. The stock has a forward PE of 11.85 and pays a yield of 3.8 %.
An Excel spreadsheet database of 35 high cash, no debt, high yield stocks can be found at WallStreetNewsNetwork.com. If you like high yield stocks, you should also consider Tax Free Income Stocks, and Top Yielding Electric Utilities.
Author owns ASR.
By Stockerblog.com
Biovail Corp ( BVF ) is a pharmaceutical company which develops treatments for central nervous system disorders, pain management, and cardiovascular diseases. They currently have 354.1 million in cash, giving them $2.23 in cash per share. The stock has a forward PE of 7.1 and pays a yield of 18.5 %.
Terra Nitrogen Co. ( TNH ) produces and markets nitrogen fertilizer products . They currently have 190.1 million in cash, giving them $10.18 in cash per share. The stock has a PE of 5.5 and pays a yield of 14.9 %.
Mahanagar Telephone Nigam ( MTE ) is a provider of fixed-line and other telecommunications services in Delhi and Mumbai, India. They currently have 704.9 million in cash, giving them $2.24 in cash per share. The stock has a forward PE of 10.17 and pays a yield of 9.4 %.
Maxim Integrated Products ( MXIM ) makes and sells linear and mixed-signal integrated circuits. They currently have 1.218 billion in cash, giving them $3.80 in cash per share. The stock has a forward PE of 11.36 and pays a yield of 6.5 %.
Lorillard ( LO ) makes and markets cigarettes in the United States. They currently have 1.208 billion in cash, giving them $7.11 in cash per share. The stock has a forward PE of 11.66 and pays a yield of 5.8 %.
Grupo Aeroportuario Del Sureste ( ASR ) is an operator of airports in Mexico. They currently have 136.0 million in cash, giving them $4.54 in cash per share. The stock has a forward PE of 9.31 and pays a yield of 5.8 %.
Cohn & Steers ( CNS ) is a manager of high-income equity portfolios and provider of investment banking services. They currently have 200.4 million in cash, giving them $4.82 in cash per share. The stock has a forward PE of 15.9 and pays a yield of 5.7 %.
Gentex Cp ( GNTX ) makes and sells electro-optic products, automatic-dimming rearview mirrors, and fire protection products. They currently have 338.2 million in cash, giving them $2.41 in cash per share. The stock has a forward PE of 17.98 and pays a yield of 5 %.
Paychex Inc ( PAYX ) is a provider of payroll services, and integrated human resource and employee benefits outsourcing. They currently have 464.1 million in cash, giving them $1.29 in cash per share. The stock has a forward PE of 15.77 and pays a yield of 4.7 %.
Analog Devices ( ADI ) makes and sells analog, mixed-signal, and digital signal processing integrated circuits. They currently have 1.278 billion in cash, giving them $4.40 in cash per share. The stock has a forward PE of 11.85 and pays a yield of 3.8 %.
An Excel spreadsheet database of 35 high cash, no debt, high yield stocks can be found at WallStreetNewsNetwork.com. If you like high yield stocks, you should also consider Tax Free Income Stocks, and Top Yielding Electric Utilities.
Author owns ASR.
By Stockerblog.com
Saturday, November 01, 2008
Have You Seen the Billionaires Christmas List?
If you haven't had time to put together your own Christmas list, why not use the Billionaires Christmas List, developed by BillionairesLife.com. The list has everything from a Bugatti automobile to a diamond chess set. Since you are an investor, you can probably guess what item number one is one the list.
A Play on Higher Dividend Taxes: Tax Free Income Stocks
Are you concerned about the possibility of higher taxes on dividends? You might want to take a look at tax free income stocks. There are a group of stocks out there, technically closed end funds, which pay dividends that are tax free. This tax free income comes from municipal bonds in the portfolio.
Muni bonds are issued by states, counties, cities, and other governmental agencies. Income from those bonds is exempt from Federal income taxes, and if the bonds are issued in your state of residence, the income is exempt from state income taxes also. Municipal bonds issued by Puerto Rico and other U. S. dependencies are exempt from state income taxes also for residents of most states. There are over 200 different tax free income stocks according to WallStreetNewsNetwork.com, with over 30 of which yield over 8%.
One of the highest yielding tax free stocks is Pioneer Municipal High Income Advantage Trust (MAV), which yields 9.7% from its portfolio of both investment grade and below investment grade municipal bonds and notes. Its governmental agency bonds include airport, education, healthcare, insurance, pollution control, tobacco, transportation, utilities, housing, water, and industries. They have been paying monthly dividends since 2003.
One of the highest yielding balanced tax-advantaged funds is TS&W/Claymore Tax-Advantaged Balanced Fund (TYW) which yields 9.2%. The fund has a split portfolio: one part invests in a diversified portfolio of value stocks, the other part invests in municipal bonds which are rated A or higher. The fund was founded in February of 2004 and has been paying a quarterly dividend. 25% of the value of the their assets are invested in municipal bond of issuers located in Texas, with 6.4% invested in California, and 4.5% in Puerto Rico. Because it is a balanced portfolio, only a portion of the dividend is non-taxable.
If you live in California, you might want to consider the Van Kampen California Value Municipal Income Trust (VCV) which yields 9.3%. They mostly invest in California investment grade municipals. The fund was founded in 1992 and pays dividends monthly.
Van Kampen also has a high yielder for Massachusetts residents, the Van Kampen Massachusetts Value Municipal Income Trust (VMV), which pays 9.3%. The fund invests in Massachusetts municipals including bonds for education, general purpose, and water and sewer. They have paid monthly dividends since 1995.
There is also their Van Kampen Pennsylvania Value Municipal Income Trust (VPV), which yields 8.4%. This holder of Pennsylvania municipal securities has been paying monthly dividends since 1995.
For you New Yorkers, there is the BlackRock New York Municipal Income Trust (BNY) which pays 8.2%. It invests in New York education, hospitals, housing, pollution control, tobacco, transportation, and water and sewer bonds. It has paid quarterly dividends since 2001.
And if you live in New Jersey, BlackRock has the BlackRock New Jersey Municipal Income Trust (BNJ) yielding 7.8%. They have paid monthly dividends since 2001.
Florida residents can take advantage of the Nuveen Florida Investment Quality Municipal Fund (NQF) yielding 7.5%. They invest in munis issued by state and local government agencies within the state of Florida. They have been paying monthly dividends since 1991.
You can download an Excel database spreadsheet list of over 200 tax free stocks at WallStreetNewsNetwork.com. Keep in mind that both yields and share prices fluctuate, and there is the possibility of bonds in the portfolios defaulting.
Author does not own any of the above.
By Stockerblog.com
Muni bonds are issued by states, counties, cities, and other governmental agencies. Income from those bonds is exempt from Federal income taxes, and if the bonds are issued in your state of residence, the income is exempt from state income taxes also. Municipal bonds issued by Puerto Rico and other U. S. dependencies are exempt from state income taxes also for residents of most states. There are over 200 different tax free income stocks according to WallStreetNewsNetwork.com, with over 30 of which yield over 8%.
One of the highest yielding tax free stocks is Pioneer Municipal High Income Advantage Trust (MAV), which yields 9.7% from its portfolio of both investment grade and below investment grade municipal bonds and notes. Its governmental agency bonds include airport, education, healthcare, insurance, pollution control, tobacco, transportation, utilities, housing, water, and industries. They have been paying monthly dividends since 2003.
One of the highest yielding balanced tax-advantaged funds is TS&W/Claymore Tax-Advantaged Balanced Fund (TYW) which yields 9.2%. The fund has a split portfolio: one part invests in a diversified portfolio of value stocks, the other part invests in municipal bonds which are rated A or higher. The fund was founded in February of 2004 and has been paying a quarterly dividend. 25% of the value of the their assets are invested in municipal bond of issuers located in Texas, with 6.4% invested in California, and 4.5% in Puerto Rico. Because it is a balanced portfolio, only a portion of the dividend is non-taxable.
If you live in California, you might want to consider the Van Kampen California Value Municipal Income Trust (VCV) which yields 9.3%. They mostly invest in California investment grade municipals. The fund was founded in 1992 and pays dividends monthly.
Van Kampen also has a high yielder for Massachusetts residents, the Van Kampen Massachusetts Value Municipal Income Trust (VMV), which pays 9.3%. The fund invests in Massachusetts municipals including bonds for education, general purpose, and water and sewer. They have paid monthly dividends since 1995.
There is also their Van Kampen Pennsylvania Value Municipal Income Trust (VPV), which yields 8.4%. This holder of Pennsylvania municipal securities has been paying monthly dividends since 1995.
For you New Yorkers, there is the BlackRock New York Municipal Income Trust (BNY) which pays 8.2%. It invests in New York education, hospitals, housing, pollution control, tobacco, transportation, and water and sewer bonds. It has paid quarterly dividends since 2001.
And if you live in New Jersey, BlackRock has the BlackRock New Jersey Municipal Income Trust (BNJ) yielding 7.8%. They have paid monthly dividends since 2001.
Florida residents can take advantage of the Nuveen Florida Investment Quality Municipal Fund (NQF) yielding 7.5%. They invest in munis issued by state and local government agencies within the state of Florida. They have been paying monthly dividends since 1991.
You can download an Excel database spreadsheet list of over 200 tax free stocks at WallStreetNewsNetwork.com. Keep in mind that both yields and share prices fluctuate, and there is the possibility of bonds in the portfolios defaulting.
Author does not own any of the above.
By Stockerblog.com
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