Looking for bargains in the high-dividend stock universe? There are usually factors and developments which bring about undervaluation for a stock, and this article's focus stock is certainly no exception. This common stock yields 15.56%. With much debate about its dividend coverage, we look for and find answers in this article. It also has four preferred shares yielding over 9%, all selling below par value. The common shares are selling at a price/book of just 0.57. It goes ex-dividend next week.
We've held on to Seaspan Corp. (NYSE:SSW) and some of its preferred shares for years, as we've ridden the waves of fortune, up and down, with this leading containership company. SSW relies on long-term contracts to lock in its cash flows. As of 11/1/16, SSW had 5.1 average years remaining on its contracts and $5.4B in contracted revenue, with an average vessel age of 5.4 years. After its price swoon, SSW is selling at just 57% of book value - there aren't a lot of high dividend stocks out there right now with such a cheap valuation. It also has one of the lower EV/EBITDA ratios we've seen recently, at 5.32x.
Source: Seeking Alpha
Related Articles:
- 7 Dividend Stocks With A Good Yield And Growth Balance
- 3 High-Yield Dividend Achievers With 25 Years of Increases
- 17 Investments That Pay Monthly Dividends
- 5 Dividend Stocks To Build Your Future Security
- 7 Dividend Stocks With A Low Payout Ratio
Dividend Stock Yields 15%, Plus 4 More 9% Well-Covered Dividends, Way Below Book Value
Posted by D4L | Sunday, February 12, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
Dividends and diversification -- those two things can help you achieve a comfortable retirement when combined with the income you will recei...
-
The best dividend stocks have one thing in common: resiliency. They can continue increasing their dividends even in the harshest economic en...
-
Investors wanting to enjoy steady and consistent income should consider dividend aristocrats. In fact, even in these chaotic times, dividend...
-
A good dividend stock has more than a high yield. Dividends need to be supported by cash flow, and cash flow depends on the long-term streng...
-
When looking for dividend stocks to invest in, it is advisable to choose companies that have strong dividend histories and stable balance sh...
-
When hunting for discounted investments, one excellent starting point is to look for businesses with dividend yields trading above their fiv...
-
Higher dividend yields often imply that the underlying company paying the dividend has a higher risk profile. However, that's not always...
-
It's hard to beat a sustainable, high-yield dividend paired with a beaten-down valuation. The best dividend stocks offer high yields and...
-
Strange but true: seniors fear death less than running out of money in retirement. And unfortunately, even retirees who have built a nest eg...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.