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Zacks Growth and Income Strategy Highlights: Anthracite Capital, Deerfield Triarc Capital Corp., Iowa Telecommunications Services and Seaspan Corp.


CHICAGO -- The Zacks Growth and Income Profit Track strategy looks for stocks with unusually high dividend yields. Although this screen is based on a long-term and lower risk approach to investing, it has a history of outperforming the S&P 500. Four stocks meeting this screen's exclusive criteria are: Anthracite anthracite (ăn`thrəsīt'): see coal.
anthracite
 or hard coal

Coal containing more fixed carbon than any other form of coal and the lowest amount of volatile (quickly evaporating) material, giving it the
 Capital, Inc. (NYSE NYSE

See: New York Stock Exchange
:AHR AHR Aryl Hydrocarbon Receptor
AHR American Historical Review (Journal of the American History Association)
AHR Anchor
AHR airway hyper-responsiveness
AHR Assisted Human Reproduction
AHR Air-Conditioning Heating Refrigeration
), Deerfield Triarc Capital Corp. (NYSE:DFR DFR Defer
DFR Division of Forest Resources
DFR Design For Reliability
DFR Duty of Fair Representation
DFR Dounreay Fast Reactor (fast breeder nuclear reactor)
DFR Decreasing Failure Rate
DFR Digital Fault Recorder
), Iowa Telecommunications Services, Inc. (NYSE:IWA IWA International Water Association
IWA International Webmasters Association
IWA Inland Waterways Association (UK)
IWA International Windsurfing Association
IWA Williams-Gateway Airport
) and Seaspan Corp. (NYSE:SSW SSW
abbr.
south-southwest

Noun 1. SSW - the compass point midway between south and southwest
sou'-sou'-west, south southwest
). View the entire list of stocks for the Growth and Income Profit Track at http://at.zacks.com/?id=1850

Here are details about four companies currently identified by the Growth and Income Profit Track:

Anthracite Capital, Inc. (NYSE:AHR) declared a second quarter dividend of 29 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
 in mid-May, an increase over the previous dividend of 28 cents. Prior to the dividend declaration, AHR reported first-quarter operating earnings Operating Earnings

Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue.

Notes:
Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before
 of 32 cents per share, which was ahead of last year's result. The company noted that each of the components of its commercial real estate strategy came together, resulting in strong earnings growth over the previous quarter. Anthracite Capital offers current dividend yield of 9.68%.

Deerfield Triarc Capital Corp. (NYSE:DFR) invests in real estate related securities and various alternative investments. The company recently announced first-quarter earnings of 37 cents per share, surpassing the consensus estimate by almost 9%. DFR stated that the success of its diversified strategy is exemplified by the growth of assets in the portfolio and the recent dividend increase. The company raised its dividend from 35 cents per share for the fourth quarter to 36 cents for the first quarter. DFR boasts a current yield of 11.08%.

Iowa Telecommunications Services, Inc. (NYSE:IWA) posted first-quarter earnings of 38 cents per share in early May. The result topped analysts' expectations by nearly 3%. The telecommunications service provider A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies.  mentioned that its performance for the first quarter was strong from every perspective. In mid-March, the company declared a quarterly dividend of $0.405 per share. IWA meets the criteria of this Profit Track with a current dividend yield of 9.06%.

Seaspan Corp. (NYSE:SSW) owns containerships and charters them pursuant to long-term fixed-rate charters. The company, which currently yields 8.10%, released its first-quarter report in mid-April. SSW said it began to execute on its growth strategy by expanding its fleet further through acquisition. Seaspan Corp. added that the acquisitions it announced this quarter diversify its customer base and the vessel size it can offer to customers, and the company anticipates they will add incremental cash flows Incremental cash flows

Difference between the firm's cash flows with and without a project.
 for distribution to its shareholders once the new ships are delivered and operating. The first-quarter report included a dividend declaration of $0.425 per share.

Discover all the current stocks currently on the Growth and Income Profit Track at: http://at.zacks.com/?id=1896

About Profit Tracks

What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2005, the Low Price Stocks strategy was the top performing Profit Track with a return of +51.9% followed by the Recent Price Strength screen with a +35.5% return. To see all nine strategies along with philosophy, past performance, and current stocks, go to http://at.zacks.com/?id=1838.

All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at http://at.zacks.com/?id=2156

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=1841

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

(a)The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index
Standard and Poor's Index
. The S&P 500 includes the reinvestment Reinvestment

Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash.

1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares.
 of all dividends, no transaction costs Transaction Costs

Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it).
, and represents the gross returns before management fees.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 6, 2006
Words:899
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