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Yesterday's announcement by Freddie Mac (NYSE: FRE) to cut but not eliminate its dividend payment got me wondering if there were other companies out there with absurdly high dividend yields that hadn't cut their payments. High-dividend yields are an old-fashioned way to look at companies and one that's fallen out of fashion as tech companies plowed their profits into research. But a 10% yield -- hey even a 7% yield -- is something we'd all be happy to find these days.

Traditionally, companies with high-dividend yields were those with low-growth potential, like utilities. Like Freddie, many of the current high-yield companies were created by a falling stock price. And like Freddie, they could always cut the dividend to keep the yield from getting out of whack. But, if they think the stock will rebound, maybe they won't cut it for fear the dividend cut would be yet another thing to drive off investors.

The highest yielding big company I found was Biovail (NYSE: BVF), Canada's biggest drug maker. The company was hit with an SEC complaint that key executives were lying about earnings. The company and the founder just settled a fight over the future direction of the company -- with the founder stepping aside. The stock, at about $10, has been cut in half in the last year. In May the company declared a quarterly dividend of 37.5 cents a share, which gives it a 15% yield at the current price.

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High-dividend yield in a down market originally appeared on BloggingStocks on Thu, 07 Aug 2008 14:27:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>biovailBVFcommunicationsdeutchedeutchetelekomdividenddividend investingDividendInvestingdividendsDTFREfreddie macFreddieMacpartnerpartner communicationsPartnerCommunicationsPTNRt-mobiletelekomThu, 07 Aug 2008 14:27:00 EST<![CDATA[AOL selling French and German businesses, says Guardian]]>http://www.bloggingstocks.com/2006/05/05/aol-selling-french-and-german-businesses-says-guardian/http://www.bloggingstocks.com/2006/05/05/aol-selling-french-and-german-businesses-says-guardian/http://www.bloggingstocks.com/2006/05/05/aol-selling-french-and-german-businesses-says-guardian/#commentsFiled under: , ,

The Guardian is reporting that AOL has put its French and German businesses up for sale, as hinted during the earnings conference call Wednesday morning [Sarah Gilbert's note: scroll all the way to the bottom and note: Wayne and Dick chuckled at the question from Citigroup analyst Jason Bazinet! Chuckled! They are so called out!].

The company will keep its British business, and continue to operate Internet portals in Germany and France.  According to the paper, AOL's operations in both countries have struggled against France Telecom and Deutsche Telekom. Citigroup is said to have been retained to sell the businesses, which analysts estimate to be worth a total of €700m (£480m).

AOL selling French and German businesses, says Guardian originally appeared on BloggingStocks on Fri, 05 May 2006 13:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>aolaol europeaol internationalAolEuropeAolInternationalcitigroupdeutche telekomDeutcheTelekomeuropefrancefrance telecomFranceTelecomfrenchgermangermanytime warnerTimeWarnertwxFri, 05 May 2006 13:40:00 EST