M. Grier Eliasek, co-founder, president and COO of Prospect Capital Corporation (NASDAQ: PSEC), offered insight into the company's success, including 12 percent dividend yield for shareholders, in an exclusive interview on Benzinga's #PreMarket Prep morning show.
2014 marks Prospect Capital's tenth anniversary as a public company. After 10 years of being publicly traded, they've grown their market capital from ��100 million a decade ago to about $3.5 billion today.��
Eliasek said that despite high dividend yields, they've actually ��nder-distributed��relative to their income, making 12 percent easy to sustain with a ��ignificant storehouse of value of undistributed earnings.��They've declared monthly dividends moving forward all the way through to September, offering shareholders a significant amount of yield visibility.
Hot Industrial Disributor Stocks To Invest In 2015: Cosi Inc.(COSI)
Cosi, Inc. owns, operates, and franchises premium convenience dining restaurants. It offers squagels, sandwiches, hearth-baked quiches, oatmeal, salads, soups, appetizers, melts, flatbread pizzas, S?mores, fruit parfaits, wraps, and other desserts; coffees and other espresso-based beverages, seasonal fruit smoothies and specialty drinks, soft drinks, and flavored teas, as well as bottled beverages, such as still and sparkling waters. The company also sells alcoholic beverages comprising beer and wine. Its restaurants also offers catering service for the breakfast and lunch day parts, including breakfast baskets, lunch buffets, and dessert platters. As of August 26, 2011, it had 80 company-owned and 58 franchise restaurants in 17 states in the United States, the District of Columbia, and the United Arab Emirates. Cosi, Inc. was founded in 1994 and is based in Deerfield, Illinois.
Advisors' Opinion:- [By John Udovich]
At the end of last week, small cap sandwich stock Potbelly Corp (NASDAQ: PBPB) had a delicious surge of 120% for its IPO���meaning its probably a good idea to see whether its still worth getting in on the action plus take a look at the performance of peers�Cosi Inc (NASDAQ: COSI), Panera Bread Co (NASDAQ: PNRA) and Einstein Noah Restaurant Group, Inc (NASDAQ: BAGL) as Subway remains private. I should mention that competing with Subway in the sandwich business is a tall order as they have 40,229 restaurants in 102 countries and territories as of early September���making them the�largest single-brand restaurant chain and the largest restaurant operator globally. However, Potbelly Corp and its peers Cosi Inc, Panera Bread Co and Einstein Noah Restaurant Group aren�� slugging it out directly with Subway.
- [By James Brumley]
But Sbarro is hardly the only restaurant struggling to make ends meet right now. Indeed, there are several more that may be following in the pizza chain’s bankruptcy footsteps. In no particular order, here are five more restaurants that may be fiscally insolvent in the foreseeable future.
Cosi (COSI)The sandwiches may be delicious, but the menu Cosi Inc. (COSI) offers at its 136 restaurants is increasingly irrelevant, either for price (the average ticket size is about $8.81), convenience, or both.
- [By Peter Graham]
The Q1 2014 Potbelly Corp (NASDAQ: PBPB) earnings report is scheduled for after the market closes on Tuesday, May 6th, with investors and traders alike who follow either the sandwich restaurant chain stock (which debuted last October and is down some 44% for retail investors)�or who are into potential small cap peers like Cosi Inc (NASDAQ: COSI), Einstein Noah Restaurant Group, Inc (NASDAQ: BAGL) and Panera Bread Co (NASDAQ: PNRA) should be paying attention. Aside from the Potbelly Corp earnings report, it should be said that the Q1 2014 Panera Bread Co earnings report was last Tuesday while the�Q1 2014 Einstein Noah Restaurant Group, Inc earnings report came last Thursday and the the Q1 2014 Cosi Inc�earnings report is likely scheduled for Monday, May 12. However, Potbelly Corp has attracted a bit of attention for its potential growth trajectory as well as its�vision to be the ��eighborhood Sandwich Shop.��/p>
Top High Dividend Stocks For 2014: Callon Petroleum Co (CPE)
Callon Petroleum Company (Callon), incorporated on March 29, 1994, is an independent oil and natural gas company. It is focused on growing production and reserves from its oil-weighted multi-play assets in the Permian Basin. In 2013, the Company shifted its operations from the offshore waters in the Gulf of Mexico to the onshore, Permian Basin region in Texas.
The Company operates 100% of its Permian acreage. As of December 31, 2013, the Company�� proved reserves were 14.9 million barrels of oil equivalent (80% oil and 50% proved developed).
Advisors' Opinion:- [By Monica Gerson]
Callon Petroleum Company (NYSE: CPE) is estimated to post its Q4 earnings at $0.00 per share on revenue of $26.83 million.
Supernus Pharmaceuticals (NASDAQ: SUPN) is expected to post a Q4 loss at $0.55 per share on revenue of $7.78 million.
Top High Dividend Stocks For 2014: Life Time Fitness Inc (LTM)
Life Time Fitness, Inc., incorporated on October 15, 1990, operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment. As of February 28, 2013, the Company operated 105 centers under the LIFE TIME FITNESS and LIFE TIME ATHLETIC SM brands primarily in suburban locations in 28 major markets in the United States and Canada. The Company�� model centers target 7,500 to 11,000 memberships by offering, on average, 114,000 square feet of multi-use sports and athletic, professional fitness, family recreation, spa amenities and programs and services in a resort-like environment. Life Time programs include a range of interest areas, such as group fitness, yoga, swimming, running, racquetball, squash, tennis, Pilates, martial arts, kids activities and camps, adult activities and leagues, rock climbing, cycling, basketball, personal training, weight loss and nutrition initiatives, spa, medi-spa and chiropractic services. Life Time program offerings may vary by location. Effective August 28, 2012, MGC Diagnostics Corporation sold the assets of its New Leaf business to the Company.
The Company's offerings also include the Company's line of nutritional products and supplements, and its magazine, Experience Life. The Company also has an Athletic Events division, which offers more than 100 events each year, including running, cycling and triathlon events from entry-level to ultra-endurance. Additionally, the Company offers a portfolio of health assessments to its members at its centers, as well as employees at corporate clients, along with partnerships with health insurance companies. The Company offers different types of membership plans for individuals, couples and families. The Company's memberships include the primary member's children under the age of 12 at a modest per child monthly cost. The Company provides the majority of its members with a variety of services with their membership, including group fitness classes and fitness asse! ssments, towel and locker service and an online subscription to its magazine, Experience Life. The Company's membership plans include initial 14-day money back guarantees and are month-to-month, cancelable by giving up to 60 days advance notice. The Company's ancillary businesses include media, athletic events and related services, health promotion programs and training and certification programs.
The Company offers one-on-one sessions and small group sessions for individual member and a group of two to four members. The Company offers large group (typically eight to 12 members) programs under its T.E.A.M. platform. The Company's T.E.A.M. Weight Loss program focuses on exercise, education and nutrition and provides the resources and support toward long-term weight loss. The T.E.A.M. Fitness program combines cardio exercise with strength training. The Company's endurance program focuses on training in the proper heart rate zones, for the proper duration of time and at the proper frequency to burn fat more efficiently while improving overall health and fitness. The Company's T.E.A.M. Boot Camp enables members to test their strength, agility and stamina. From time to time, the Company also offers other weight loss and nutrition programs, such as the Life Time 90-Day Weight Loss Challenge, as an opportunity for members to receive education, training and motivation. The Company's centers offer fitness programs, including group fitness classes and health and fitness training seminars on subjects ranging from metabolism to personal nutrition. On average, the Company offers 85 group fitness classes per week at each current model center, including studio cycling, step workout, dance classes, circuit training and fitness yoga classes.
The Company's large format centers feature a Life Cafe, which offers fresh and healthy made-to-order and pre-prepared breakfast, lunch and dinner items, including sandwiches, salads, snacks, shakes and more. The Company's Life Cafes offer customers the cho! ice of di! ning indoors, ordering their meals and snacks to go or, in each of the Company's model centers and certain of its other large format centers, dining outdoors at the poolside bistro. Life Cafes also typically offer the Life Time line of nutritional products and supplements, third-party nutritional products, exercise accessories and personal care products. The Company's LifeSpa is a salon and spa. Each in-center LifeSpa offers hair, body, skin care and massage therapy services, customized to each client's individual needs. The Company also offers medi-spa services in select locations. LifeClinic Chiropractic services are provided by licensed chiropractors. LifeClinic Chiropractic offers non-invasive form of soft tissue and joint treatment. The Company's centers offer on-site child centers for children from three months through 11 years of age as part of a monthly fee per child. All of the Company's large format centers offer a variety of additional programs for children, which may include birthday parties, school break camps, parents' night out, sports and fitness classes and swimming lessons. For adults, the Company offers a variety of sports leagues and interest-driven clubs.
During the year ended December 31, 2012, the Company produced over 100 events, serving over 90,000 participants. The Company's events range from entry level to ultra endurance events and draw from local, regional, national and international markets. The Company's larger events include triathlons such as the Life Time Tri Minneapolis and Life Time Tri Chicago, as well as the iconic Leadville Trail 100 Mountain Bike Race Across the Sky. The Company produces events primarily in markets in which the Company operates centers, including themed runs such as the Torchlight 5K Run and Turkey Day 5K. The Company offers a line of nutritional products, including Men's and Women 's Performance Multivitamins, Omega-3 Fish oils, Joint Maintenance Formulation, LeanSource Soft Gels, VeganMax, Whey Protein, and FastFuel Complete, its me! al replac! ement product.
The Company competes with 4 Hour Fitness Worldwide, Inc., Equinox Holdings, Inc., LA Fitness International, LLC, Town Sports International, Inc. and Gold's Gym.
Advisors' Opinion:- [By Will Ashworth]
Activist investor Mick McGuire reported last week that his firm, Marcato Capital, acquired 7.2% of Life Time Fitness (LTM), the Minneapolis-based operator of 110 super-sized fitness centers nationwide. Although LTM stock is up 13% year-to-date through May 28, McGuire believes its stock price can do a lot more.
- [By John Udovich]
On Thursday, small cap fitness club owner Life Time Fitness, Inc (NYSE: LTM) lost some weight for investors as analysts gave the stock a workout after its Analyst Day failed to ease their concerns, meanings its worth taking a closer look at the stock along with the performance of Town Sports International Holdings, Inc (NASDAQ: CLUB)�and Steiner Leisure Ltd (NASDAQ: STNR).
Top High Dividend Stocks For 2014: Delaware Investments Dividend & Income Fund Inc. (DDF)
Delaware Investments Dividend and Income Fund, Inc. is a close-ended balanced mutual fund launched by Delaware Management Holdings, Inc. It is managed by Delaware Management Business Trust. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest 65 percent of its corpus in stocks and 35% in fixed income securities. The fund primarily invests in value stocks of large cap companies. It also invests in convertible securities, preferred stocks, other equity-related securities, and real estate investment trusts. For the fixed income component of the fund�s portfolio the fund invests in high yield corporate bonds rated BB or lower in terms of quality. It benchmarks the performance of its portfolio against the S&P 500 Index. Delaware Investments Dividend and Income Fund, Inc. was formed on March 25, 1993 and is domiciled in the United States.
Advisors' Opinion:- [By Dividends4Life]
According to a Gabelli Funds report, managed distribution policies offer several advantages, including:1. Lower difference between the fund�� market price and its NAV per share.2. Provides support during periods when the stock market is in a decline.3. Provides a measurable performance target for the investment adviser.Below are several high-yield funds from CEFA that have a managed distribution policy (yields as of December 16):Aberdeen Australia Eqty (IAF)- Distribution Yield: 10.4%- Income Yield: 3.46%Bexil Advisers LLC� (DNI)- Distribution Yield: 11.1%- Income Yield: 3.56%BlackRock En Capital&Inc (CII)- Distribution Yield: 8.78%- Income Yield: 2.34%Cornerstone Strat Value (CLM)- Distribution Yield: 18.77%- Income Yield: 1.83%Cornerstone Total Return (CRF)- Distribution Yield: 19.10%- Income Yield: 0.85%Delaware Inv Div & Inc (DDF)- Distribution Yield: 6.70%- Income Yield: 5.26%Gabelli Equity Trust (GAB)- Distribution Yield: 7.58%- Income Yield: 1.54%Gabelli Utility Trust (GUT)- Distribution Yield: 9.45%- Income Yield: 2.84%MFS Special Value Trust (MFV)- Distribution Yield: 9.60%- Income Yield: 5.73%Nuveen Tx-Adv TR Strat (JTA)- Distribution Yield: 6.70%- Income Yield: 3.12%TCW Strategic Income (TSI)- Distribution Yield: 10.54%- Income Yield: 7.88%Zweig Total Return (ZTR)- Distribution Yield: 7.27%- Income Yield: 1.95%As noted in the Gabelli report, a managed distribution policy may create confusion regarding the true current yield since the reported yield includes the return of capital portion. You can see the disparity above between the income yield and the distribution (reported) yield.If you are looking for a sustainable and growing dividend, you may want to consider some blue-chip dividend stocks such as these with a Free Cash Flow Payout less than 50%, 50+ years of consecutive dividend increases and a 2%+ yield:3M Co. (MMM) is a diversified global company provides enhanced product functionality in electronics, health care, industrial, consumer
Top High Dividend Stocks For 2014: AbbVie Inc (ABBV)
AbbVie Inc. (AbbVie), incorporated on April 10, 2012, is a research-based pharmaceuticals company. The Company discovers, develops, and commercializes advanced therapies. AbbVie's portfolio of products include a line of adult and pediatric pharmaceuticals, which includes HUMIRA, metabolics/hormones products, virology products, endocrinology products, dyslipidemia products and other products.
AbbVie products are used to treat rheumatoid arthritis, psoriasis, Crohn's disease, human immunodeficiency virus (HIV), cystic fibrosis complications, low testosterone, thyroid disease, Parkinson's disease and complications associated with chronic kidney disease, among other indications. In October 2012, AbbVie initiated a comprehensive Phase III program for hepatitis C virus (HCV) genotype one.
Advisors' Opinion:- [By Dividend Growth Investor]
Abbott Laboratories is another company that recently split into two separately traded companies - Abbott (ABT) and Abbvie (ABBV). It seems that as of this writing, the Dividend Aristocrats index has not removed both companies from its ranks. However, I cannot find any mention in the Dividend Champions list. Dividend growth investors should keep both companies on their radars, and add to their portfolios under the right circumstances.
- [By Ben Levisohn]
AbbVie (ABBV) released solid financial results today, but Gilead Sciences (GILD) seems to be getting the benefit today.
AbbVie reported a profit of 71 cents a share, beating forecasts for 68 cents, on sales of $4.56 billion, topping the Street consensus of $4.56 billion.
On it’s conference call, AbbVie signaled that it didn’t intend to get into a hepatitis-C treatment pricing war. UBS analyst Matthew Roden says that’s good news for Gilead Sciences:
AbbVie’s 1Q call just ended, on which it reiterated that pricing is “NOT our strategy” in HCV. Our HCV thesis on pricing has been that AbbVie will list price at parity, and that initial discounting would be limited between two players. We do expect that gross-net will widen over time with additional market entrants, but we do not expect significant price erosion in the near to mid-term. Secondly, we’ve modelled the HCV as a long-lived market, peaking globally at $26bn in 2022. AbbVie also expects a “cadence” of treatment to draw out the market over the long term. In our view, AbbVie’s stance is consistent with our constructive view on HCV, and specifically addresses investor pushback on [Gilead Sciences].
Shares of AbbVie are little changed at $49.30 at 2:03 p.m., while Gilead Sciences has gained 0.7% to $74.60. Gilead’s gain is particularly impressive considering that the iShares Nasdaq Biotechnology ETF (IBB) has dropped 2.1% to $224.88 today.
- [By Keith Speights]
How accurate those peak sales projections will actually be depends in large part on the competition, though. Pharmacyclics benefited from AbbVie's (NYSE: ABBV ) bad news in February after the company suspended its development of leukemia drug ABT-199. However, AbbVie told FierceBiotech that it expects to move forward with the studies later this year and could yet be a rival for Pharmacyclics.
Top High Dividend Stocks For 2014: Books-A-Million Inc.(BAMM)
Books-A-Million, Inc. operates as a book retailer in the southeastern United States. The company operates superstores and traditional bookstores that offer a selection of hardcover and paperback books, magazines, and newspapers. It also offers other merchandise, including gifts, cards, collectibles, magazines, music, DVDs, and electronic accessories, as well as coffee, tea, and other edible products. The company markets its products under the trademarks of Books-A-Million, BAM! Books-A-Million, Bookland, Books & Co., Millionaire?s Club, Sweet Water Press, Thanks-A-Million, Big Fat Coloring Book, Up All Night Reader, Read & Save Rebate, Readables Accessories for Readers, Kids-A-Million, Teachers First, The Write-Price, Bambeanos, Hold That Thought, Book$mart, BAMM, BAMM.com, BOOKSAMILLION.com, Chillatte, Joe Muggs Newsstand, Page Pets, JOEMUGGS.com, FAITHPOINT.com, Faithmark, Joe Muggs, Anderson?s Bookland, Snow Joe, Summer Says, On the John University, OTJU, American Whole sale Book Company, AWBC, and NetCentral. It also offers its products over the Internet at Booksamillion.com. As of August 11, 2011, the company operated 231 stores in 23 states and the District of Columbia. Books-A-Million, Inc. was founded in 1917 and is based in Birmingham, Alabama.
Advisors' Opinion:- [By John Udovich]
Vitamin Shoppe Inc (NYSE: VSI), Books-A-Million, Inc (NASDAQ: BAMM) and Perfumania Holdings, Inc (NASDAQ: PERF) have the dubious distinction of being�the worst performing small cap�specialty retail stocks for this year (according to Finviz.com) with losses of 4.85% and�3% and a gain of 0.61%, respectively, since the start of the year (See my previous article: This Year�� Best Performing Small Cap Specialty Retail Stocks? UNTD, TA & HZO). I should mention that the definition of specialty retail stocks might vary from one stock screener to another, but what�� clear is that these three small cap retail stocks have been heading in the wrong direction for investors for much of this year. �With that in mind, what sort of performance should investors expect from these small cap specialty retail stocks on Black Friday and for the all important holiday season? Here is what you need to be aware of:
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