Dividend Stock #2: Och-Ziff Capital Management (OZM)

Posted Mar 14th 2010 12:00PM by Jeff Reeves
Filed under: Stocks to Buy

Dividend Yield: 15.9%
Market Cap: $1.2 billion

Och-Ziff Capital Management (OZM) is a publicly traded hedge fund and investment manager. The bull market has been very kind to this stock in the past year or so, and the results show in its bottom line.

In its latest earnings report in February, Och-Ziff said its assets ballooned by $500 million in the past six weeks with a total of $24 billion under management as of Feb. 1. The company's just paid a 58-cent quarterly dividend on Feb. 18 to shareholders of record on Dec. 31, and shows no sign of a cut anytime soon.

Seeing as the company posted earnings nearly double what Wall Street was looking for in February, Och-Ziff shareholders can anticipate another dividend payout without any delays.

At the time of this writing, the author did not own shares of OZM.

Next: Dividend Stock #1: Annaly Capital Management (NLY)

Tags: dividend stocks, Och-Ziff Capital Management, OZM