Showing posts with label PNNT. Show all posts
Showing posts with label PNNT. Show all posts

Friday, December 9, 2011

Stocks Going Ex Dividend the Fourth Week of December


Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets. In flat or choppy markets, you have to be extremely careful, and may need to avoid the technique during those times.

In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after the ex date. The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend during the next week or two. The list contains many dividend paying companies, all with market caps over $500 million, and yields over 2%. Here are a few examples showing the stock symbol, the market capitalization, the ex-dividend date and the yield.

H.J. Heinz Company (HNZ) market cap: $16.0B ex div date: 12/20/2011 yield: 3.8%

Inter Pipeline Fund (IPPLF) market cap: $3.4B ex div date: 12/20/2011 yield: 5.5%

LTC Properties, Inc. (LTC) market cap: $815.6M ex div date: 12/20/2011 yield: 6.3%

Campbell Soup Company (CPB) market cap: $10.2B ex div date: 12/22/2011 yield: 3.6%

Portland General Electric Company (POR) market cap: $1.8B ex div date: 12/22/2011 yield: 4.5%

PennantPark Investment Corp. (PNNT) market cap: $437.0M ex div date: 12/21/2011 yield: 11.7%

The additional ex-dividend stocks can be found at wsnn.com. (If you have been to the website before, and the latest link doesn't show up, you may have to empty your cache.) If you like dividend stocks, you should check out the high yield utility stocks and the Monthly Dividend Stocks at WallStreetNewsNetwork.com or WSNN.com.

Dividend definitions:

Declaration date: the day that the company declares that there is going to be an upcoming dividend.

Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.

Monthly Dividend Stock List

Record date: the day when you must be on the company's books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks two business days before the record date.

Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.

Don't forget to reconfirm the ex-dividend date with the company before implementing this technique.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com

Wednesday, November 16, 2011

High Yield Business Development Corporation Stocks Paying Over 9%

Income investors who are looking for a little speculation are taking a closer look at private equity firms and business development corporations. Private equity firms invest in the equity and often the debt of private companies. Usually private equity firms are not available to the general public. Yet based on the list of Private Equity Firms at WallStreetNewsNetwork.com, there are over 20 that are publicly traded on the NYSE or NASDAQ, with yields ranging from 3% to 14%. Several of these companies are registered as Business Development Corporations.

A Business Development Corporation, also known as a Business Development Company or BDC, is a publicly traded private equity fund. Many private equity companies are registered as BDCs for tax advantages, generally paying no corporate income tax because at least 90 percent of their income, profits, and capital gains are paid out as taxable dividends to investors.

TICC Capital (TICC) is a BDC that has been paying dividends quarterly since 2004, and yields 12%. The stock has a price to earnings ratio of 7 and a similar forward PE. The company invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, and common stock of both private and public companies, specializing in technology, media, telecommunications, and medical equipment. The company's investments include NetQuote, Inc., the web-based portal for insurance companies and consumers, and StayOnline, Inc. a provider of wireless high-speed Internet access solutions for the lodging industry, and Ai Squared, a manufacturer of assistive technology software which makes the screen magnification program ZoomText.

PennantPark Investment (PNNT) is a business development company that yields 10.4%, and has been paying quarterly dividends since June of 2007. The company invests between $10 million and $50 million in each of its portfolio companies, holding mezzanine debt, senior secured loans, and equity investments. The stock trades at 8.3 times current earnings and has a forward price to earnings ratio of 8.2. PennantPark invests in such companies as the hot tub and spa manufacturer Jacuzzi Brands Corp., Learning Care Group, Inc. which is owner of one of the largest early education and child care providers La Petite Academy, and VPSI, the world's largest vanpool service provider.

To see a list of over 20 high yield business development companies and private equity firms, which can be downloaded, sorted, and updated, go to WallStreetNewsNetwork.com. Several of these companies pay dividends monthly and more than a dozen have yields above 8%.

Disclosure: Author did not own any of the above at the time the article was written.


By Stockerblog.com

Sunday, April 10, 2011

Business Development Corps Yielding over 8%

A private equity firm is a company that invests in the equity and/or debt of private companies. Many of these firms are limited to accredited investors. But according to a list at WallStreetNewsNetwork.com, there are over 20 that are publicly traded on the NYSE or NASDAQ, with yields ranging from 3.5% to 12.6%. Some of these companies are registered as Business Development Corporations.

A Business Development Corporation, also known as a Business Development Company or BDC, is a publicly traded private equity fund. Many private equity companies are registered as BDCs for tax advantages, generally paying no corporate income tax because at least 90 percent of their income, profits, and capital gains are paid out as taxable dividends to investors.

PennantPark Investment (PNNT) is a business development company that yields 9%, and has been paying quarterly dividends since June of 2007. The company invests between $10 million and $50 million in each of its portfolio companies, holding mezzanine debt, senior secured loans, and equity investments. The stock trades at 11.4 times forward earnings and has a forward price to earnings ratio of 9.6. PennantPark invests in such companies as the hot tub and spa manufacturer Jacuzzi Brands Corp., Learning Care Group, Inc. which is owner of one of the largest early education and child care providers La Petite Academy, and VPSI, the world's largest vanpool service provider.

TICC Capital (TICC) is a BDC that has been paying dividends quarterly since 2004, and yield 8.4%. The stock has a PE of 5.0 and a forward PE of 10.0. The company invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, and common stock of both private and public companies, specializing in technology, media, telecommunications, and medical equipment. The company's investments include NetQuote, Inc., the web-based portal for insurance companies and consumers, and StayOnline, Inc. a provider of wireless high-speed Internet access solutions for the lodging industry, and Ai Squared, a manufacturer of assistive technology software which makes the screen magnification program ZoomText.

Golub Capital (GBDC) is a private equity BDC firm that just went public last year. It yields 7.9%, payable quarterly, and trades at 11.4 times forward earnings.

To see a list of over 20 high yield business development companies and private equity firms, which can be downloaded, sorted, and updated, go to WallStreetNewsNetwork.com. Several of these companies pay dividends monthly and more than a dozen have yields above 8%.

Disclosure: Author did not own any of the above at the time the article was written.


By Stockerblog.com