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Looking for Deals on Dividends

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July 23, 2012 – Comments (9)

I've seen a lot of talk about bubbles in dividend stocks lately and decided to run a screen to see if I could find any bargains.

A few leads turned up, but values were sparse in a couple of sectors known for dividends.

9 Comments – Post Your Own

#1) On July 23, 2012 at 10:19 PM, awallejr (77.67) wrote:

I urge MLPs, BDCs and Reits.   Quite a few out there.  Last 2 trading days many have actually stayed green despite the market drop.  A bunch I own and have suggested people consider buying them over the years are PVR, BBEP, MMLP, BWP, SDRL, PSEC, HTGC, MPW. ARCC, AGNC, NLY, NCT, FIG. I like JPS and DHY for the monthly income as well.

I like the income stream I have been creating. 

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#2) On July 23, 2012 at 10:47 PM, Valyooo (99.47) wrote:

AGNC is my favorite and the only one I use besides PM

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#3) On July 23, 2012 at 11:29 PM, SockMarket (35.76) wrote:

Heres a list of 20 that I like. They came from a quant investing model I wrote. 

http://quantinvesting.wordpress.com/high-yield-model/recommendations/

 

(for the record, quantinvesting is my site).  

 

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#4) On July 24, 2012 at 1:44 AM, awallejr (77.67) wrote:

Val you are nuts to just own 2 stocks.  Do a little more spreading out.  I would suggest a 5 stock core holding at the minimum.  Pick up some SDRL, PVR and PSEC to spread out the risk while still enjoying a strong income stream.  And Sock you do list a bunch I like too.  Problem is these stocks don't meet the screen criteria of Russ so they get unnoticed.

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#5) On July 24, 2012 at 3:30 AM, Valyooo (99.47) wrote:

I do have a broader holding...I am just saying those are what I bury more money into when I think "the market looks bad and I have more cash, I need to hide in yield"

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#6) On July 24, 2012 at 1:08 PM, SockMarket (35.76) wrote:

awallejr,

Admittedly I didn't read the article but I assumed Russ was just going for ideas, not specifically ones that fit his screen. 

Also good call on PVR. Thats one of my personal favorites.  

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#7) On July 24, 2012 at 7:30 PM, rd80 (97.08) wrote:

Many thanks for the feedback and comments.

I agree REITs, MLPs and BDCs are good areas to look for high yields.  The purpose of the screen for the article was more valuation and strong balance sheet than high yield.  Even with the tight screen settings, AGNC made it through.  It was the highest yielding stock in the mix and would have been the financials rep if it were 5-star.

SockMarket - Thanks for the link and that's a nice looking site you've got.

Based on the feedback here and at the article, I should probably try this again, but with more of a focus on higher yields and with the screen opened up so the REIT/BDC/MLP contingent gets a better shot at being represented.

Disclosure:  No position in AGNC

Fool on!

Russ

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#8) On July 24, 2012 at 10:58 PM, SockMarket (35.76) wrote:

Russ,

Thank you!! 

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#9) On July 25, 2012 at 1:40 AM, awallejr (77.67) wrote:

Yeah Sock I like PVR a lot especially after it bought out Chief Gathering LLC.  The company has transformed itself from a coal play to a stronger midstream ng gathering play.  That and along with its building of a water pipeline into marcellus has dramatically reduced it's reliance on coal.  This stock once sold for 8 bucks after the market collapse all while continuing to pay a growing $2+ distribution.

Buy this sucker on pullbacks (low $20's).

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