CHICAGO - (Business Wire) 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:
Energy Transfer Partners L.P. (NYSE: ETP),
CapitalSource Inc. (NYSE: CSE),
Enbridge Energy Partners LP (NYSE: EEP) and
Diana Shipping Inc. (NYSE: DSX). 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:
Energy Transfer Partners L.P. (NYSE: ETP) is a publicly-traded partnership owning and operating a diversified portfolio of energy assets. ETP reported that first-quarter earnings amounted to $1.34, accounting for a 17.54% surprise. ETP sports a dividend yield of 8.46% and a per share price of $41.07. The company also raised guidance for fiscal 2008 by 8%, to $1.35 billion.
CapitalSource Inc. (NYSE: CSE) is a specialized commercial finance company that enjoys a per share price of $10.03. Moreover, CSE offers a dividend yield of 23.93%, and therefore satisfies the criteria for this profit track. On Jun 30, the company paid out a dividend of 60 cents to shareholders of record on Jun 16. For its second quarter, earnings of 51 cents per share beat analyst expectations of 50 cents.
Enbridge Energy Partners LP (NYSE: EEP) sports a dividend yield of 8.02% and a Zacks #2 Rank. EEP announced first quarter earnings of 82 cents per share, which were above analysts’ expectations. The company is scheduled to announce second-quarter earnings on Jul 28. EEP owns the U.S. portion of the world's longest liquid petroleum pipeline.
Diana Shipping Inc. (NYSE: DSX) is a global provider of shipping transportation services that meets the requirements for this profit track with a high dividend yield of 11.51% and a per share price of $29.54. On Jun 5, the company paid a dividend of 85 cents for the first quarter ending on Mar 31. DSX also announced year-over-year first quarter earnings of 71 cents per share, compared to 40 cents. Analysts expected earnings of 66 cents.
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. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% 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. 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=4608
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=4607
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