2 Stocks For Dividend Yield Over 6%

Posted by D4L | Tuesday, March 11, 2014 | 0 comments »

For some investors dividend income is more important than the capital gains and these investors build their portfolios with dividend stocks. We have been trying to find and share some good dividend stocks to add to the knowledge of these investors. In this article, we have tried to find two companies offering dividend yield in the region of 6% with solid growth prospects. Along with the juicy dividend yield, these companies offer considerable upside potential, and both these stocks should be good long-term investments.

Tal international group (TAL) is involved in leasing of intermodal containers. The stock has a dividend yield of 6.9%. During the last year, the stock gained more than 57%. However, like many other companies, stock fell just as 2014 started. Year to date, the stock is down 23.76%, which gives it a lot more room to grow back. Corrections Corporation of America (CXW) owns and operates detention centers and private prisons. The company manages 67 correction facilities and is the largest in the private sector. Due to the poor earnings growth, the stock has been falling and the major banks have been revising the price targets. As a result, income investors have the chance to buy stock at a discounted price as the dividend of the company is not under threat, in my opinion. The stock currently has a dividend yield of 6.4%.

Source: Seeking Alpha

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