Business Services Industry
Zacks Growth and Income Strategy Highlights: American Home Mortgage Investment Corp., Diana Shipping, Nam Tai Electronics and Trustreet Properties
Business Wire, Dec 1, 2006
CHICAGO -- 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: American Home Mortgage Investment Corp. (NYSE: AHM), Diana Shipping Inc. (NYSE: DSX), Nam Tai Electronics, Inc. (NYSE: NTE) and Trustreet Properties, Inc. (NYSE: TSY). 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:
American Home Mortgage Investment Corp. (NYSE: AHM) offers a current dividend yield of 11.62%. The company recently declared a quarterly dividend of $1.06 per share. In late October, AHM reported third-quarter earnings per share of $1.36, versus the previous year's $1.09. Third-quarter earnings also topped the consensus estimate of $1.35 per share.
Diana Shipping Inc. (NYSE: DSX) recently released its report for the third quarter, stating that its successful strategies to grow its fleet, while maintaining a flexible chartering policy that permits it to benefit from the dynamic of its marketplace, also have resulted in Diana Shipping being able to increase its dividend for the third quarter of 2006 to 40 cents per share. DSX has a current dividend yield of 10.47%.
Nam Tai Electronics, Inc. (NYSE: NTE), a Zacks #1 Rank (Strong Buy) company, posted non-GAAP third-quarter earnings of 28 cents per share in late October. The result was nearly 22% ahead of the consensus estimate. Nam Tai Electronics has topped analyst estimates four times out of the past five consecutive quarters. The company satisfies the criteria for this Profit Track with a current dividend yield of 8.81%.
Trustreet Properties, Inc. (NYSE: TSY) offers a current dividend yield of 23.53%. The company recently announced its financial results for the third quarter, which included revenues of $54.9 million. The result was a year-over-year increase of 6.6% from last year's revenues of $51.5 million. TSY also recently declared a dividend of 33 cents per share.
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. For the first five months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of 22.2% followed by the Discounted Fundamental screen with a 18.6% 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=2156
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=1841
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
(a)The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard and Poor's. The S&P 500 includes the reinvestment of all dividends, no transaction costs, and represents the gross returns before management fees.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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