After Wednesday's article
High-Yield, High-Risk Dividend Stocks, I had hoped to feature a few high-yield stocks raising their dividends this week. Patiently I watched the news wire for some announcements that fit the bill, and it didn't take long. As if they were waiting for the cue, three high-yield stocks recently announced increased cash dividends for their shareholders:
Chimera Investment is a specialty finance company that invests in residential mortgage-backed securities (RMBS), residential mortgage loans, real estate-related securities and various other asset classes. Monday, CIM increased it quarterly dividend 50% to $0.12/share. The dividend is payable October 30, 2009 to common shareholders of record on October 1, 2009. The ex-dividend date is September 29, 2009. The current yield based on the new dividend is 11.82%.
Hatteras Financial (HTS) is an externally managed mortgage real estate investment trust (REIT) formed to invest in adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities. Tuesday, the company raised its quarterly dividend 4.5% to $1.15/share. The dividend is payable on October 23, 2009, to stockholders of record on October 2, 2009, with an ex-dividend date of September 30, 2009. The current yield based on the new dividend is 13.94%.
Triangle Capital (TCAP) is a specialty finance company that provides customized financing solutions to lower middle market companies. Wednesday, the company bumped its quarterly dividend 2.5% to $0.41/share. The dividend is payable on October 22 to shareholders of record on October 8. The current yield based on the new dividend is 14.07%.
Though their yields are not double-digit, three additional companies provided double-digit dividend growth in their cash dividends:
The First of Long Island Corp. (FLIC) provides financial services through its wholly-owned subsidiary, The First National Bank of Long Island. Tuesday, the company increased its dividend 11% to $0.20/share. The dividend will be paid on October 9, 2009 to shareholders of record on October 2, 2009.
