Zacks Growth and Income Strategy highlights: American Home Mortgage Investment Corp., Canetic Resources Trust, Eagle Bulk Shipping and Vector Group 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 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 ), Canetic Resources Trust (NYSE: CNE (Certified NetWare Engineer) See Novell certification. ), Eagle Bulk Shipping Inc. (Nasdaq: EGLE EGLE Every Ghanaian Living Everywhere (Ghana) ) and Vector Group A Vector group is the International Electrotechnical Commission (IEC) method of categorizing the primary and secondary winding configurations of three-phase transformers. Within a polyphase system power transformer it indicates the windings configurations and the difference in Ltd. (NYSE: VGR VGR Vector Group Ltd. (stock symbol) VGR Voyager (Star Trek: Voyager) VGR Voice of God Recordings VGR Variable Geometry Rotor VGR Voice Gateway Router VGR Virtual Geographic Routing VGR Ventura Graphics ). 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 Home Mortgage Investment Corp. (NYSE: AHM), a Zacks #1 Rank (Strong Buy) company, recently announced fourth-quarter earnings of $1.21 per share, soaring past the previous year's 27 cents and surpassing the consensus estimate by nearly 2%. AHM also declared a fourth-quarter dividend of $1.06 per share, versus the year-prior dividend of 91 cents. Additionally, AHM's Board of Directors increased its dividend policy to $1.12 per share per quarter, or $4.48 per share on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis. AHM offers a current dividend yield of 12.15% Canetic Resources Trust (NYSE: CNE), one of Canada's largest oil and gas royalty trusts, recently announced a monthly cash distribution of approximately 16 cents per trust unit in U.S. dollars. In early November, the company posted third-quarter earnings, which surged past the consensus estimate by 277%. Canetic Resources Trust fulfills the criteria for this Profit Track with a current dividend yield of 15.56%. Eagle Bulk Shipping Inc. (Nasdaq: EGLE) is another Zacks #1 Rank (Strong Buy) name. EGLE sports a current dividend yield of 10.87%. In early November, the company reported third-quarter adjusted earnings per share of 34 cents, which matched the consensus estimate. The third-quarter report also stated that a dividend of 51 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. was paid on November 2, 2006 to shareholders of record as of October 30, 2006. Vector Group Ltd. (NYSE: VGR) declared a quarterly dividend of 40 cents per share in early December, which was paid in late December. In mid-November, the company released third-quarter earnings of 32 cents per share, which outpaced the year-ago result. Revenues were $137.7 million, compared to last year's $125.0 million. Vector Group is currently yielding 8.84%. 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. For the first nine months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +42.7% followed by the Discounted Fundamental screen with a +29.7% 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. |
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