2011 Dividend Stock

1. MFA Financial, Inc. (MFA): REIT Industry. Market cap of $2.28B. Dividend yield at 11.55%. 5-year average gross margin at 32.87% vs. industry average at 10.74%. 5-year average net profit margin at 18.99% vs. industry average at 1.14%. Short float at 4.44%, which implies a short ratio of 3.88 days. The stock has gained 26.01% over the last year.
2. Ares Capital Corporation (ARCC): Diversified Investments Industry. Market cap of $3.15B. Dividend yield at 8.56%. 5-year average gross margin at 73.78% vs. industry average at 53.28%. 5-year average net profit margin at 31.75% vs. industry average at 26.68%. Short float at 0.7%, which implies a short ratio of 0.86 days. The stock has gained 36.59% over the last year.
3. Frontier Communications Corporation (FTR): Telecom Services Industry. Market cap of $9.16B. Dividend yield at 8.13%. 5-year average gross margin at 90.6% vs. industry average at 54.1%. 5-year average net profit margin at 9.04% vs. industry average at 7.33%. Short float at 4.36%, which implies a short ratio of 4.46 days. The stock has gained 34.8% over the last year.
4. Windstream Corporation (WIN): Telecom Services Industry. Market cap of $6.18B. Dividend yield at 7.82%. 5-year average gross margin at 62.29% vs. industry average at 54.1%. 5-year average net profit margin at 16.31% vs. industry average at 7.33%. Short float at 3.35%, which implies a short ratio of 3.36 days. The stock has gained 29.61% over the last year.
5. CenturyLink, Inc. (CTL): Telecom Services Industry. Market cap of $12.73B. Dividend yield at 6.91%. 5-year average gross margin at 64.67% vs. industry average at 54.1%. 5-year average net profit margin at 13.22% vs. industry average at 7.33%. Short float at 9.39%, which implies a short ratio of 7.49 days. The stock has gained 30.69% over the last year.
6. Omega Healthcare Investors Inc. (OHI): REIT Industry. Market cap of $2.15B. Dividend yield at 6.79%. 5-year average gross margin at 93.46% vs. industry average at 33.28%. 5-year average net profit margin at 40.29% vs. industry average at 21.05%. Short float at 5.47%, which implies a short ratio of 6.96 days. The stock has gained 17.59% over the last year.
7. Pitney Bowes Inc. (PBI): Business Equipment Industry. Market cap of $4.88B. Dividend yield at 6.09%. 5-year average gross margin at 45.12% vs. industry average at 44.56%. 5-year average net profit margin at 8.14% vs. industry average at 6.11%. Short float at 8.89%, which implies a short ratio of 9.05 days. The stock has gained 18.64% over the last year.
8. AT&T, Inc. (T): Telecom Services Industry. Market cap of $168.32B. Dividend yield at 6.04%. 5-year average gross margin at 54.11% vs. industry average at 54.1%. 5-year average net profit margin at 10.59% vs. industry average at 7.33%. Short float at 0.89%, which implies a short ratio of 2.19 days. The stock has gained 18.52% over the last year.
9. Regal Entertainment Group (RGC): Movie Production, Theaters Industry. Market cap of $1.88B. Dividend yield at 5.91%. 5-year average gross margin at 44.68% vs. industry average at 35.51%. 5-year average net profit margin at 5.55% vs. industry average at 4.15%. Short float at 9.59%, which implies a short ratio of 6.79 days. The stock has lost -13.43% over the last year.
10. Health Care REIT Inc. (HCN): REIT Industry. Market cap of $6.47B. Dividend yield at 5.77%. 5-year average gross margin at 92.0% vs. industry average at 47.77%. 5-year average net profit margin at 27.54% vs. industry average at 4.68%. Short float at 6.29%, which implies a short ratio of 4.59 days. The stock has gained 17.65% over the last year.
11. Verizon Communications Inc. (VZ): Telecom Services Industry. Market cap of $99.62B. Dividend yield at 5.53%. 5-year average gross margin at 60.43% vs. industry average at 54.1%. 5-year average net profit margin at 9.86% vs. industry average at 7.33%. Short float at 1.94%, which implies a short ratio of 3.08 days. The stock has gained 22.11% over the last year.
12. HCP, Inc. (HCP): REIT Industry. Market cap of $11.19B. Dividend yield at 5.16%. 5-year average gross margin at 81.71% vs. industry average at 47.77%. 5-year average net profit margin at 14.61% vs. industry average at 4.68%. Short float at 3.53%, which implies a short ratio of 2.65 days. The stock has gained 30.1% over the last year.
13. Bristol-Myers Squibb Company (BMY): Drug Manufacturer. Market cap of $44.5B. Dividend yield at 5.08%. 5-year average gross margin at 69.49% vs. industry average at 48.48%. 5-year average net profit margin at 17.53% vs. industry average at 13.32%. Short float at 2.69%, which implies a short ratio of 4.93 days. The stock has gained 12.21% over the last year.
14. Merck & Co. Inc. (MRK): Drug Manufacturer. Market cap of $104.13B. Dividend yield at 4.50%. 5-year average gross margin at 73.45% vs. industry average at 48.48%. 5-year average net profit margin at 27.82% vs. industry average at 13.32%. Short float at 0.69%, which implies a short ratio of 1.27 days. The stock has lost -9.02% over the last year.
15. Pfizer Inc. (PFE): Drug Manufacturer. Market cap of $147.78B. Dividend yield at 4.34%. 5-year average gross margin at 82.22% vs. industry average at 48.48%. 5-year average net profit margin at 17.98% vs. industry average at 13.32%. Short float at 0.64%, which implies a short ratio of 1.15 days. The stock has gained 1.43% over the last year.
16. Kimberly-Clark Corporation (KMB): Personal Products Industry. Market cap of $26.09B. Dividend yield at 4.13%. 5-year average gross margin at 31.46% vs. industry average at 24.5%. 5-year average net profit margin at 9.15% vs. industry average at 2.94%. Short float at 1.37%, which implies a short ratio of 2.02 days. The stock has gained 10.43% over the last year.
17. Plum Creek Timber Co. Inc. (PCL): REIT Industry. Market cap of $6.69B. Dividend yield at 4.06%. 5-year average gross margin at 31.41% vs. industry average at 30.5%. 5-year average net profit margin at 17.92% vs. industry average at 6.36%. Short float at 9.51%, which implies a short ratio of 10.2 days. The stock has gained 17.58% over the last year.
18. Olin Corp. (OLN): Chemicals Industry. Market cap of $1.57B. Dividend yield at 4.04%. 5-year average gross margin at 22.2% vs. industry average at 18.69%. 5-year average net profit margin at 9.68% vs. industry average at 6.6%. Short float at 7.37%, which implies a short ratio of 7.99 days. The stock has gained 21.93% over the last year.
19. Kimco Realty Corporation (KIM): REIT Industry. Market cap of $7.25B. Dividend yield at 4.03%. 5-year average gross margin at 71.97% vs. industry average at 42.83%. 5-year average net profit margin at 39.48% vs. industry average at 29.85%. Short float at 4.18%, which implies a short ratio of 3.64.
20. Ventas Inc. (VTR): REIT Industry. Market cap of $8.4B. Dividend yield at 4.0%. 5-year average gross margin at 75.14% vs. industry average at 47.77%. 5-year average net profit margin at 22.72% vs. industry average at 4.68%. Short float at 7.35%, which implies a short ratio of 9.04 days. The stock has gained 31.09% over the last year.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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在加拿大投资 你不能错过的这些基金 MoneySense Honor Roll 2008

今天，当加拿大共同基金(mutual funds)又实现两位数盈利的时候，投资新手的结论似乎是投资非常简单。你所要做的就是选择一支最近有良好表现的基金，然后把所有的钱都放在上面。

    不幸的是，过往经验证实选择一支好基金并不轻易。有时历史会重演，但通常不会，好的投资机会不会等你几年。为区分好基金和坏基金，你需要把握分析基金的技能，剔除表现太好的由于它们已经盈利很多了。“MoneySense Honor Roll 2008”评选就是如此，它没有选择短期内获利非常大的基金，由于它们不稳定性太大，长期回报实在并不丰厚。它选择的是长期表现非常好的基金，尤其是长期有可观回报的基金。

    为满足条件，这些基金必须在加拿大出售，而且必须有至少5年的记录，由于进市才1、2年的基金，其表现力还无法判定。同样排除的还有F系列的基金。

    在本年的“加拿大股票型基金”(Canadian Equity)中，六支基金表现不俗。“Scotia Canadian Growth Fund”是目前投资商品股票最有冲劲的基金：它有大约40％的资金投在该板块。其后是“AGF Canadian Large Cap Dividend”(35%)和“MD Equity”(30%)。只要商品价格保持坚挺，你可以期待这三支基金继续的非凡表现。不过需要记住的是，它们相比于其它基金是最轻易受商品价格起伏影响的。

    在“美国股票型基金”(U.S. Equity)评选范畴，“RBC O'Shaughnessy U.S. Value Fund”继续领先。这支基金持续超过同类而且没有放缓的迹象。同样在今年光荣榜的还有几支指数型基金。除了指数型基金，还可以考虑“iShares Canadian S&P 500 Index Fund”(TSX: XSP; MER: 0.24%)。这是支交易型开放式指数基金，或称ETF。ETF基金像股票一样在股市交易，但操纵同低本钱的共同基金类似。iShares S&P ETF没有在榜是由于上市还不到5年。但却是加拿大投资者购买美国指数基金的最廉价方式。

    在“平衡基金”(Balanced Funds)一类，大多数上榜基金中金融股占很大比重，有些甚至达到投资组合的一半以上。迷恋金融股是平衡基金的一大特点，由于基金经理要靠银行股赚取红利，进步基金的净收进。不幸的是，受美国次级抵押贷款市场危机影响，金融股大大缩水，所以依靠金融股似乎没有以前有效。不过上榜的这些基金在长期表现上不会让你失看。

    再看“全球股票型基金”(Global Equity)，“Primerica Aggressive Growth Fund”占据领先地位。Primerica基金只是名义上的全球股票型基金，将近50％投资在加拿大股市。在过往2年中，这种策略很是明智，但假如你的投资组合中有这种基金，还有其它的加拿大股票型基金，那你的投资更多地暴露在加拿大股市中，可能没有你想象地那么多样化。假如你考虑增加投资组合的多样性，那可以考虑“Dynamic Power Global Growth Class fund”，这种股票很大部分投资在全球科技合电信股上，能很好的平衡大多数倾向于金融服务合自然资源股的加拿大股票基金。

    今年的全球股票基金榜上，还有几只投资其它基金的“投资组合式”基金。可惜的是，Sunwise两支基金对新投资者封闭了，不过 TD Managed Index Maximum Equity Growth-e是一支投资加拿大和全球指数型基金的便宜基金，而Quotential Maximum Growth fund则投资有Franklin Templeton基金。两支投资组合式基金在加拿大的投资都有25％。

    在“加拿大小盘基金”(Canadian Small Cap)上，Mawer New Canada和Concordia Special Growth都是长期在榜的优秀基金，5年回报在20％以上。假如你的投资组合里有这两支基金，那你是非常幸运的，由于它们已经不向新投资者开放了。榜上另外两支基金的回报也是令人印象深刻，而且仍会新投资者开放。Empire Small Cap Equity Fund仍然有着优于其它同类的表现，即使它的升值速度在这一年有所减慢。再看HCBC基金，固然它由于没有投资多少商品类股而自2006年表现弱于其它对手，但这也同时意味着它不易受商品价格下降影响。

    接着看“加拿大债券基金”(Canadian Bonds)栏。强烈建议投资者的是付多少用度是非常重要的，由于债券在近几年的利润非常低。假如你付投资的2％或更多，而债券的盈利仅5％，那即是交出了近半数属于自己的钱。另外建议你考虑一下可能的通货膨胀，由于它危害债券。美联储前主席格林斯潘曾说过通货膨胀可能推动中心银行在接下来10年中将利率进步到2位数水平，假如他的设想正确，那债券将严重受创。

保护自己免受通货膨胀伤害的一个方式就是购买实质回报债券(real- return bonds)，回报率扣除了通货膨胀率。对比，较为不错的是新近发行的iShares Canadian Real Return Bond Index Fund(TSX: XRB)，治理费才为0.35％。

    规划投资组合

    建立一个好的投资组合没有精密的规则，但你可以通过问自己下面几个题目，进步自己获利的机会。

    题目1：你可以持有这份投资组合，不撤出资金多长时间？
    假如你需要投资立即天生稳定的收进，那应该谨慎投资。你可能需要高投资比例的债券和分红股票。反过来讲，假如你30岁，为退休投资，那差未几有25年的时间，那就可以承受更大的风险。这就意味着你可以大比例地投资股票。(不管你多少岁，都要确保自己手头有足够的现金，货币市场基金或类似的资产，以保证不会由于缺钱而慌忙出售投资组合资产。)

    题目2：你离自己的财务目标有多远？
    假如你以为自己的退休基金和养老金足够自己快活地度过余生，那为什么还要冒险？选择一个守旧或适中的投资组合会更加安全。

    题目3：你能容忍多大程度的风险？
    一些人能够很好地承受风险，一些人则不能。不过我想大多数人都高估了自己承受风险的能力。投资要选择最适合自己的方式，但也不要选好投资组合就束之高阁，你要至少一年检查一次投资组合，根据行情进行适当调整。