Zacks Growth and Income Strategy highlights: Diana Shipping, General Maritime Corp, MCG Capital Corporation and Trustreet Properties.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: Diana Shipping Inc. (NYSE NYSE See: New York Stock Exchange : DSX DSX Digital Cross Connect DSX Digital Signal Cross-Connect DSX Data Service Cross-connect DSX Digital Signal Level X ), General Maritime Corp. (NYSE: GMR (Giant Magnetoresistance) See magnetoresistance. ), MCG mcg microgram. mcg abbr. microgram mcg microgram. mcg Microgram, see there; the preferred written abbreviation is µg Capital Corporation (Nasdaq: MCGC MCGC MCG Capital Corporation MCGC Michigan Color Guard Circuit MCGC Malaysia Cocoa Growers Council ) and Trustreet Properties, Inc. (NYSE: TSY TSY Technology Systems (Bellcore) TSY Telephony Subsystem TSY The Sophomore Year (band) ). 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: Diana Shipping Inc. (NYSE: DSX) released its report for the third quarter in early November. The company noted that its successful strategies to grow its fleet, while maintaining a flexible chartering policy that permits it to benefit from the dynamic of its marketplace, also have resulted in Diana Shipping being able to increase its dividend for the third quarter of 2006 to 40 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. . DSX has a current dividend yield of 9.83%. General Maritime Corp. (NYSE: GMR) offers a current dividend yield of 8.22%. In late October, the company declared a dividend of 71 cents per share in its report for the third quarter. Third-quarter earnings per share totaled 76 cents, soaring past the previous year's 19 cents. The company commented that during the third quarter, it utilized its double-hull fleet to take advantage of a strong tanker market while at the same time continuing to provide value to shareholders through its dividend policy and share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. program. MCG Capital Corporation (Nasdaq: MCGC) satisfies the criteria for this Profit Track with a current dividend yield of 8.64%. In late October, the company reported third-quarter earnings of 42 cents per share, eclipsing the year-prior total of 34 cents and surpassing analysts' expectations of 37 cents. MCG Capital Corporation also declared a dividend of 42 cents per share for the fourth quarter. During the past four consecutive quarters, MCGC delivered earnings that were above Wall Street estimates. Trustreet Properties, Inc. (NYSE: TSY) sports a current dividend yield of 23.47%. The company announced its financial results for the third quarter in early November, which included revenues of $54.9 million. The result was a year-over-year increase of 6.6% from last year's revenues of $51.5 million. TSY also declared a quarterly dividend of 33 cents per share in early November. 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 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. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion