It has issued $77.5 million worth of preferred shares, yielding 4.95percentt, and invested the proceeds into its portfolio, giving it an added upside if its holdings perform well.
Bank of America will purchase $2 billion worth of preferred Countrywide stock yielding 7.3%, and that can be converted into common stock at $18 per share, giving the mortgage lender a much-needed cash infusion amid a crippling credit crunch.
It would destroy a pristine area that nurtures a breathtaking variety of wildlife while yielding only six months' worth of economically recoverable oil.
While the Lynch model doesn't look at dividend yield when assessing fast growers, it's also worth noting that DPL is currently yielding 5%.
With earnings outlooks beginning to improve, such companies as these are worth considering: Allstate (32, ALL), trading at 8 times earnings and yielding 3%; Chubb (63, CB), P/E 17, yield 2.1%; Hartford Financial Services (47, HIG), P/E 12, yield 2%; and St. Paul Cos. (30, SPC), P/E 9, yield 3.5%.
Yet with ten-year Treasurys yielding 3.8%, corporates are certainly worth a look.
Finally, it is worth mentioning CP26 and BMC9006, two markers yielding less strongly supported associations that are perhaps worthy of further study.
Gross bought when the Bunds were yielding 5% and the euro was worth 84 cents.
Leveraged loans are risky, yes, but well worth it, he thinks, with senior secured loans yielding a floating-rate 5.5% of par value and trading at 86 cents to the dollar, down from 101 cents only nine months ago.
And that's one way poetry is being killed in this country, reduced to consensus-by-committee, stripped of individual vision, yielding vast parchments of conformity and mediocrity, worth only as means of boosting resumes and securing academic jobs.
