Daily dividend news for investors in dividend stocks

REITs Top Monthly Pay Dividend Dogs In Early September

Published Mon, 12 Sep 2016 05:15:00 -0400 on Seeking Alpha

SML MoPay Equity Dogs
Yield (dividend / price) results from here verified by Yahoo Finance for 63 monthly dividend paying Small, Mid, & Large cap (MoPaySML) stocks as of market closing prices 9/9/16 revealed actionable conclusions discussed below. Small cap firms were valued at $200M(illion) to $2B(illion); Mid cap firms were worth $2B to $10B; Large caps were valued above $10B. The same scale was used to select funds, trusts, and notes based on their total assets under management.

Dividend Dogs Rule
The "dog" moniker was earned by stocks exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as "dogs."
MoPays Of September 9
See my most recent Dow 30 article for an explanation of the term "dogs" for stocks reported based on Michael B. O'Higgins book "Beating The Dow" (HarperCollins, 1991), now named Dogs of the Dow. O'Higgins system works to find bargains in any collection of dividend paying stocks. Utilizing analyst price upside estimates expanded the stock universe to include popular growth equities, as desired.
Dog Metrics Uncovered Bargains
Sixty-three small, mid, and large cap monthly dividend paying equities were pulled from 755 equities of all sizes for this article. Closed End Funds, ETFs and ETNs were excluded here and Preferred... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CORNERSTONE STRATEGIC VALUE FUND 11.65   0.0 0.00 0.00 21.09
ORCHID ISLAND CAPITAL 5.58   0.0 -0.29 0.96 17.75
STONE HARBOR EMERG MARKET FUND 13.46   0.0 0.00 0.00 16.01
GABELLI GLOBAL GOLD NAT RES & INC TRUST 4.44   0.0 0.00 0.00 13.48
CAPITALA FINANCE 8.19   0.0 -3.13 1.00 12.46
AMERICAN CAPITAL AGENCY 15.64   0.0 -1.54 1.92 12.21
ARMOUR RESIDENTIAL REIT 17.26   0.0 -9.30 2.04 12.03
ING GLOBAL EQUITY DIVIDEND & PREMIUM OPP 6.37   0.0 0.00 0.00 11.47
NICHOLAS-APP CONV & INCOME 5.68   0.0 0.00 0.00 10.90
PROSPECT CAPITAL 6.71   16.8 0.40 0.72 10.76
NICHOLAS-APP CONV & INCOME II 5.09   0.0 0.00 0.00 10.57
PENNANTPARK FLOATING RATE CAPITAL 11.68   30.0 0.39 1.14 9.81
PIMCO HIGH INCOME FUND 7.80   0.0 0.00 0.00 9.34
WHITESTONE REIT 13.84   25.2 0.55 1.14 8.62
CORUS ENTERTAINMENT 4.13   0.0 0.00 0.00 0.00


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