With (accurate) earnings proving to be a difficult metric to rank stocks I took a look at stocks which paid a dividend yield of at least 5%, had no long term debt but had a market cap over $100m. The list was short, coming in at
32 stocks. Top of the list was Eaton Vance Risk Managed Diversified (
ETJ); it had a quoted yield of 10.2% and has a market cap of $1.2bn. According to the blurb:
Eaton Vance Risk-Managed Diversified Equity Income Fund (the Fund) is diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. The Fund invests primarily in a portfolio of common stocks and index put options. Under normal market conditions, the Fund seeks to generate current earnings in part by employing an options strategy of writing put options on individual stocks and index call options with respect to a portion of its common stock portfolio.
Other than the September/October blip the chart isn't one for momentum traders. The former trading range looks to have dropped a notch and if it was to give up $14.82 support it could drift back to $11.35 as part of a low retest.
Dominion Resources Black Warrior Trust (
DOM) is on the low end of the Market Cap range at $154m. It has a reported (but sustainable?) yield of 18%. The last quarterly payment made was in November 2008 at $0.91.
Dominion Resources Black Warrior Trust is a grantor trust formed to acquire and hold certain overriding royalty interests (the Royalty Interests) burdening proved natural gas properties located in the Pottsville coal formation of the Black Warrior Basin, Tuscaloosa County, Alabama (the Underlying Properties). The only assets of the Trust, other than cash and temporary investments being held for the payment of expenses and liabilities and for distribution to Unitholders, are the Royalty Interests. The Royalty Interests consist of overriding royalty interests burdening the Company’s interest in the Underlying Properties.
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iStockAnalyst opinion. Further, the author is not personally advising you
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