Business

Cedar Fair announced it is suspending its once generous distribution beginning next year.

Disney posts a surprisingly robust quarter.  

Investors love low priced stocks. Investors love dividends. What happens if you combine the two criteria? WallStreetNewsNetwork.com just came out with a list of over 25 stocks selling for less than $10 per share, with market caps over $250 million, and yields over 10%. Many of them were closed end funds, but several are businesses, such as Cedar Fair LP (FUN), the amusement park and water park company, which just went ex-dividend. Based on its latest quarterly payment of 25 cents, it yields 14.6%.

How about a biotech that has a 12.2% yield? PDL BioPharma, Inc. (PDLI) is an interesting company selling for less than ten dollars a share. They manage antibody humanization patents and royalty assets, consisting of patents and license agreements with biotech companies. They also pay 25 cents per quarter and last went ex dividend on September 15, and paid their dividend October 1. They just priced a $300 million securitization transaction which will monetize 60% of the royalties from sales of current Genentech products. They intend to pay a significant portion of the proceeds from the securitization to stockholders in the form of a special dividend, most likely in December of this year. The total amount of this special cash dividend, along with the record and payment dates will be finalized at the upcoming board of director's meeting on November 11th and announced the following day.

If you want to see a bunch of other interesting low priced high yield stocks in the form of a free downloadable Excel database of high dividend low priced stocks, go to wsnn.com.

Author does not own any of the above.

By Stockerblog.com - Stockerblog - The St...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

• BGC Partners Inc (BGCP)
• Cedar Fair LP (FUN)
• Central European Media Enterprises Ltd (CETV)
• Digital River Inc (DRIV)
• DXP Enterprises Inc (DXPE)
• Entercom Communications Corp (ETM)
• GFI Group Inc (GFIG)
• Great Wolf Resorts Inc (WOLF)
• Haynes International Inc (HAYN)
• ICO Inc (ICOC)
• ID Systems Inc (IDSY)
• iPCS Inc (IPCS)
• LSB Industries Inc (LXU)
• Martin Marietta Materials Inc (MLM)
• Mindray Medical International Ltd (MR)
• National Interstate Corp (NATL)
• National Research Corp (NRCI)
• O2Micro International Ltd (OIIM)
• Redwood Trust Inc (RWT)
• Solta Medical Inc (SLTM)
• St Joe Co (JOE)
• Summit Financial Group Inc (SMMF)

View the entire Zacks #5 Rank List
"BGCP" Free Stock Analysis: Buy? Sell? Hold?
"FUN" Free Stock Analysis: Buy? Sell? Hold?
"CETV" Free Stock Analysis: Buy? Sell? Hold?
"DRIV" Free Stock Analysis: Buy? Sell? Hold?
"DXPE" Free Stock Analysis: Buy? Sell? Hold?
"ETM" Free Stock Analysis: Buy? Sell? Hold?
"GFIG" Free Stock Analysis: Buy? Sell? Hold?
"WOLF" Free Stock Analysis: Buy? Sell? Hold?
"HAYN" Free Stock Analysis: Buy? Sell? Hold?
"ICOC" Free Stock Analysis: Buy? Sell? Hold?
"IDSY" Free Stock Analysis: Buy? Sell? Hold?
"IPCS" Free Stock Analysis: Buy? Sell? Hold?
"LXU" Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research

Cutting dividend distributions has been all the rage in the last year, especially among financial companies. 2009 is expected to see of the largest declines in dividends in the S&P 500 (^GSPC) since the 1930s as companies cut, or completely eliminate, payouts. Some companies cut their dividends for the first time in decades ...

Highlighted stocks include Calumet Specialty Products Partners L.P. (CLMT), United Online, Inc. (UNTD), and Cedar Fair L.P. ( FUN). Cutting dividend distributions has been all the rage in the last year, especially among financial companies. 2009 is expected to see of the largest declines in dividends in the S&P 500 since the 1930s as companies cut, or completely eliminate, payouts. Some companies cut their dividends for the first time in[More...]

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