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89 Over 10%Yield, Under $10 Priced Dividend Dogs Fall Fortunes

Published Mon, 21 Oct 2019 17:28:27 -0400 on Seeking Alpha

To quote a comment from a reader of August's high-yield, low priced dividend dog list, this is "dangerous advice". Hence, it is to be used at your own risk.
I have always advised that high dividends are a sure sign of high risk. Combine that signal with a low-price offer and you have the stuff of legends and horror stories. Especially, in light of Y Charts declaration that YCharts allows a dividend yield to persist for 365 days after the most recent reported dividend if a dividend is cut. Therefore, a few line items you see calculated here could be inaccurate.
Happy hunting, but beware of the numbers put up by the top ten by yield on this list of 89. In short, this is a risky business. These are Dogs of the Low, not of the Dow.
Actionable Conclusions (1-10): Brokers Calculated 28.37% To 89.96% Net Gains For Ten >10%Yield@<$10 Priced Stocks By October 16, 2020
Six of ten top yield >10%Yield@<$10 Priced dogs were among the top ten gainers for the coming year (based on analyst 1-year targets). So, this forecast, as graded by Wall St. Brokers, was 60% accurate.
Projections based on dividends from $1,000 invested in the highest yielding stocks and aggregate one year analyst median target prices of those stocks, as reported by YCharts, created the 2020 data points. Note: one-year target prices from single analysts were not applied (n/a). Ten projected profit-generating trades to October 16, 2020, were:
Source: YCharts

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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MARTIN MIDSTREAM PARTNERS 4.19   0.0 0.00 1.00 24.39
WP GLIMCHER 4.18   24.6 0.17 1.00 24.10
BP PRUDHOE BAY ROYALTY TRUST 9.12   2.2 4.14 2.20 23.88
SUMMIT MIDSTREAM PARTNERS LP 5.06   12.0 0.42 1.15 21.91
ARLINGTON ASSET INVESTMENT 5.55   0.0 -1.21 0.90 16.58
ENLINK MIDSTREAM LLC 8.17   0.0 -0.78 1.13 13.79


Older articles featuring Martin Midstream Partners (MMLP):
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Dividends By The Numbers In July 2020
Q1 20 MLP/Midstream Dividend Recap: Putting Cuts In Context
Dividend Cuts At The Midpoint Of Q1 2020
2 Case Studies Highlight Why Free Cash Flow Is King When It Comes To Dividend Coverage
50 Dividend Dogs With 10%-Plus Yield At $1-$10 Prices For December
Your Dividend Booster Update: 46 Stocks For November And Beyond
Energy Infrastructure: Big Yields, Low Prices, And Double-Digit Total Returns
101 10%+ Dividend Yield Dogs Romp In October
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