Zacks Growth and Income Strategy highlights: American Capital Strategies, Ltd., American Home Mortgage Investment Corp., Diana Shipping Inc. and Ship Finance International Ltd.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: American Capital Strategies, Ltd. (Nasdaq: ACAS ACAS Cardiology A clinical trial–Asymptomatic Carotid Atherosclerosis Study which evaluated the 5-yr risk of fatal and non-fatal stroke-primary outcome in Pts with asymptomatic but severe carotid atherosclerosis. See Carotid stenosis. ), American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Mortgage Investment Corp. (NYSE NYSE See: New York Stock Exchange : AHM AHM Automated Hacking Machines AHM All Hands Meeting AHM Academy for Healthcare Management AHM Atom Heart Mother (Pink Floyd album) AHM Airport Handling Manual AHM Acutely Hazardous Material AHM Anti-Helicopter Mine ), Diana Shipping Inc. (NYSE: DSX DSX Digital Cross Connect DSX Digital Signal Cross-Connect DSX Data Service Cross-connect DSX Digital Signal Level X ) and Ship Finance International Ltd. (NYSE: SFL SFL - System Function Language. Assembly language for the ICL2900. "SFL Language Definition Manual", TR 6413, Intl Computers Ltd. ). 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: American Capital Strategies, Ltd. (Nasdaq: ACAS) announced its third quarter dividend and its results for the second quarter in early August. The company declared a third-quarter dividend of 83 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. , which is a 6% increase over the prior-year third-quarter amount. ACAS also posted second-quarter earnings of 81 cents per share, matching the consensus estimate and exceeding the year-ago total. American Capital Strategies has a current dividend yield of 8.56%. American Home Mortgage Investment Corp. (NYSE: AHM) offers a current dividend yield of 11.46%. The company recently declared a quarterly cash dividend of $1.01 per share on its common stock. AHM released its results for the second quarter in late July. Earnings per share totaled $1.37, which was almost 9% ahead of analysts' expectations. The company reaffirmed its 2006 earnings guidance of $4.85 to $5.15 per share. Wall street is calling for $4.91, which is 15 cents above three months-ago levels. Diana Shipping Inc. (NYSE: DSX) reported second-quarter earnings of 28 cents per share, prior to a preferential deemed dividend. The result was ahead of the consensus estimate by a penny. Diana Shipping also increased its dividend to $0.355 per share, based on its results from operations during the quarter. The company sports a current yield of 11.07%, exceeding the dividend yield of the average stock on the S&P 500. Ship Finance International Ltd. (NYSE: SFL) recently posted second quarter earnings and declared an ordinary cash dividend of 45 cents per share, and a supplementary extraordinary dividend of seven cents per share. Earnings per share totaled 60 cents, which topped Wall Street estimates by about 15% and improved on the year-prior result. SFL meets the criteria of this Profit Track with a current dividend yield of 9.21%. 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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