2008-10-07 00:32:00 -
- The Zacks Growth and Income Profit Track strategy looks for stocks with unusually high dividend yields. Although this screen is based on a long-term and lower risk approach to investing, it has a history of outperforming the S&P 500. Four stocks meeting this screen's exclusive criteria are: Getty Realty Corp. (NYSE: GTY), Genesis Energy LP (AMEX: GEL), General Maritime
Corp. (NYSE: GMR) and Energy Transfer Equity, L.P. (NYSE: ETE). View the entire list of stocks for the Growth and Income Profit Track at
at.zacks.com/?id=1850
Here are details about four companies currently identified by the Growth and Income Profit Track:
Getty Realty Corp. (NYSE: GTY) is the largest publicly-traded real estate investment trust. It offers a dividend yield of 9.28%, and therefore satisfies the criteria for this profit track. On Oct 8, the company will pay out a dividend of 46 cents to shareholders of record on Sep 23. GTY announced second-quarter earnings of 47 cents per share, which was better than analyst expectations of 41 cents.
Genesis Energy LP (AMEX: GEL) meets the requirements for this profit track with a high dividend yield of 9.67% and a per share price of $13.03. On Aug 14, the company paid a dividend of 31 cents for the second quarter. GEL also announced second-quarter earnings of 17 cents per share, delivering a surprise of 142.86%. GEL operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America.
General Maritime Corp. (NYSE: GMR) is a leading provider of international seaborne crude oil transportation services. The company reported that second-quarter earnings amounted to 67 cents, delivering a 22.82% surprise. GMR sports a dividend yield of 11.57% and, on Aug 29, paid a dividend of 50 cents to shareholders of record on Aug 13. In addition, GMR enjoys a per share price of $17.28.
Energy Transfer Equity, L.P. (NYSE: ETE), which owns a diversified portfolio of energy assets, enjoys a dividend yield of 9.09% and a Zacks #2 Rank. ETE announced second-quarter earnings of 46 cents per share, which were way above analysts' expectations of 29 cents. In addition, the company recently announced that it has entered into a joint venture with Fayetteville Express Pipeline, LLC (FEP) to develop a new pipeline.
Discover all the current stocks currently on the Growth and Income Profit Track at:
at.zacks.com/?id=1896
About Profit Tracks
What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull Run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% return. To see all nine strategies along with philosophy, past performance and current stocks, go to
at.zacks.com/?id=1838.
All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at
at.zacks.com/?id=4608
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at
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