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A rapidly growing company that pays a 7% dividend

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March 28, 2012 – Comments (0) | RELATED TICKERS: POOSF

 

Here's another interesting one that I just came across, Poseidon Concepts.  Listed on the Canadian exchange and here in the U.S. OTC under the symbol POOSF.PK, it is a spin-off of smallish Canadian E&P company called Open Range Energy Corporation.

Poseidon's business is providing fluid storage tanks to the oil and gas industry.  Its products come in handy for capturing fracturing and flowback fluids.  This is obviously a growth sector of the industry, even with natural gas prices as low as they currently are.

Poseidon may end up facing stiff competition from competitors who try to copy its storage tank solutions but the Company did receive a patent on its designs in mid-2011 so it may be able to successfully defend its turf if it needs to.

In the meantime, this rapidly growing company pays a monthly dividend that equates to an annual yield in excess of 7%.

Here's an article on the company by the always interesting Todd Johnson:

Special Dividends To Boost Your Portfolio Returns

http://seekingalpha.com/article/463801-special-dividends-to-boost-your-portfolio-returns

Deej

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