Business Services Industry
Zacks Growth and Income Strategy Highlights: American Home Mortgage Investment Corp., Crystal River Capital, Deerfield Triarc Capital Corp. and Eagle Bulk Shipping
Business Wire, March 9, 2007
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), Crystal River Capital, Inc. (NYSE: CRZ), Deerfield Triarc Capital Corp. (NYSE: DFR) and Eagle Bulk Shipping, Inc. (Nasdaq: EGLE). 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) recently declared a quarterly dividend of $1.12 per share on the company's common stock. The company's current dividend yield stands at 16.60%. In late January, the company reported fourth-quarter earnings of $1.21 per share, soaring past the previous year's 27 cents and surpassing the consensus estimate by nearly 2%.
Crystal River Capital, Inc. (NYSE: CRZ), which is yielding 10.56% right now, declared a quarterly dividend of 66 cents per share in mid-December. The company recently issued a press release that included the announcement of fourth-quarter 2006 investing activity. CRZ noted that the efforts it has made in building its commercial real estate origination capabilities give Crystal River Capital the flexibility it needs to invest in various segments of commercial real estate finance and moves the company closer to its targeted asset allocation.
Deerfield Triarc Capital Corp. (NYSE: DFR) satisfies the criteria for this Profit Track with a current dividend yield of 11.25%. In mid-December, the company declared a dividend of 42 cents per share for the fourth quarter, up from the third-quarter dividend of 40 cents. DFR reported third-quarter earnings of 38 cents per share in mid-November, surpassing last year's 27 cents and exceeding the consensus estimate by almost 3%.
Eagle Bulk Shipping, Inc. (Nasdaq: EGLE) offers a current dividend yield of 10.56%. The company recently posted fourth-quarter adjusted earnings of 33 cents per share, which matched the consensus estimate. Eagle Bulk Shipping also declared a quarterly dividend of 51 cents per share. EGLE stated that with this quarter's declared dividend of 51 cents per share, it has now declared aggregate dividends of $3.13 per share in just six quarters of operations.
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 nine months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of 42.7% followed by the Discounted Fundamental screen with a 29.7% 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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