Zacks Growth and Income Strategy Highlights: Crystal River Capital, Deerfield Triarc Capital Corp., Eagle Bulk Shipping and Iowa Telecommunications Services.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: Crystal River Capital, Inc. (NYSE NYSE See: New York Stock Exchange : CRZ CRZ Cruise CRZ Contamination Reduction Zone CRZ Chirped Return to Zero CRZ Close Reconnaissance Zone CRZ Controlled-Reaction Zone CRZ Compact Renaissance Zero ), 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 ), Eagle Bulk Shipping Inc. (Nasdaq: EGLE EGLE Every Ghanaian Living Everywhere (Ghana) ) and Iowa Telecommunications Services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. , Inc. (NYSE: IWA IWA International Water Association IWA International Webmasters Association IWA Inland Waterways Association (UK) IWA International Windsurfing Association IWA Williams-Gateway Airport ). 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: Crystal River Capital, Inc. (NYSE: CRZ) offers a current dividend yield of 9.54%. The company recently declared a quarterly dividend of 66 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. , up from the previous quarterly dividend of 60 cents. In early November, CRZ announced third-quarter results, stating that it continues to seek investment opportunities with a particular focus on commercial real estate debt that will allow it to achieve its targeted portfolio allocation and maximize value for shareholders. Deerfield Triarc Capital Corp. (NYSE: DFR) reported third-quarter earnings of 38 cents per share in mid-November, surpassing last year's 27 cents and exceeding the consensus estimate by almost 3%. The company mentioned that solid growth in both the dividend and book value validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data the momentum it sees in this business. In late October, DFR declared a third-quarter dividend of 40 cents per share, which represents the fourth consecutive increase in the quarterly dividend, or 33.3% over the third quarter of 2005. DFR's current dividend yield is 9.88%. Eagle Bulk Shipping Inc. (Nasdaq: EGLE) meets the criteria for this Profit Track as evidenced by its current dividend yield of 12.41%. In early November, the company released its report for the third quarter, noting that its results highlight continued strong performance. Adjusted earnings per share totaled 34 cents, which matched the consensus estimate. The third-quarter report also stated that a dividend of 51 cents per share was paid on November 2, 2006 to shareholders of record as of October 30, 2006. Iowa Telecommunications Services, Inc. (NYSE: IWA) recently declared a quarterly dividend of $0.405 per share. The company's current dividend yield stands at 8.22%. In early November, Iowa Telecommunications Services posted third-quarter earnings of 25 cents per share, which was approximately 4% above Wall Street estimates. During the past five consecutive quarters, IWA exceeded analyst expectations three times. 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 Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. the market in the years ahead. For the first five months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +22.2% followed by the Discounted Fundamental screen with a +18.6% 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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell any security. |
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