Anthracite Cap, Inc. is one of the four stocks we highlight this week from the
Growth and Income Strategy. This strategy looks for stocks that are paying dividend yields of greater than 8% along with other attractive fundamental attributes. 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.
Here are highlights about four companies currently on the Growth and Income Profit Track:
Anthracite Cap, Inc. (AHR) declared a second-quarter dividend of 30 cents per share in late May. The dividend was up from the prior dividend level of 29 cents. In early May, the company reported operating earnings of 32 cents per share, which was equal to the one year-ago total. The company mentioned that it is looking to international markets for almost 50% of its new investments due to the increasing leverage and fewer structural protection for lenders in the U.S. AHR sports a current dividend yield of 11.73%.
Centerline Holding Co. (CHC) will announce second-quarter results on August 9, 2007. The company declared a second-quarter dividend of 42 cents per share in mid-June. Centerline Holding Co. meets the requirements for this Profit Track as evidenced by its current dividend yield of 13.13%.
Deerfield Triarc Capital Corp. (DFR) satisfies the criteria for this Profit Track with a current dividend yield of 14.21%. The company will report results for the second quarter on August 7, 2007 after the market closes. DFR declared a second-quarter dividend of 42 cents per share in late July. The company noted that the record date for the dividend is August 7, 2007, and the payment date will be August 28, 2007
MCG Capital Corporation (MCGC) will release results for the second quarter on July 31, 2007. The company announced first-quarter results in mid-April. Earnings per share of 52 cents topped the year-prior 50 cents and eclipsed the consensus estimate 18%. MCG Capital Corporation offers a current dividend yield of 13.22%.
