It seems
that every story you read about these days is geared toward day traders or
those looking for long-term growth in retirement portfolios. But there are
millions of investors who need or want current income, and low interest rates
have made that strategy largely a losing one. Some of us developed to yield
seekers, looking for cheap and high yielding stocks
.
.
I’m not
talking about a yield income of 1 or 2 percent yearly. No, that’s boring. I’m
talking about a 2.5 percent yield per quarter or a sum of 10% or more per year.
Attached
you can find a selection of stocks with yields over 10 percent. The valuation of
the selected stocks is cheap with a forward P/E of less than 10.
Most of the
14 results are off mainstream: Asset Managers, Oil & Gas Refining &
Marketing, REITs and finally Telecoms are the main groups that pay those big dividends
while having a cheap valuation.
Are they cheap
for a reason or a bargain?
The market
is always looking forward, so that fact that those stocks are trading below
their book value suggests investors expect the companies to underperform. While
there are several reasons why this is could be the case, one of the most
apparent is tighter spreads.
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| 14 Stocks With Dividend Yields Over 10% Plus Expected Single P/E (click to enlarge) |
