This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Stocks From Jim Cramer That Yield Over 7%

Stocks in this article: LINE NCT PGH SDRL SFL

Chris Lau, Kapitall: For the week of February 25 2013, Cramer mentioned 5 companies that yielded more than 7%. The companies are worth deeper analysis, in an environment where yield is hard to find. The companies mentioned were:

Screen shot 2013-03-04 at 12.21.26 PM

List Average 1-Year Return10%

 

1. Pengrowth Energy Corporation ( PGH): Engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. Market cap at $2.03B.

Sell. Pengrowth declared a $0.04 monthly dividend, giving the company shares a yield of over 10%. Shares traded ex-dividend on February 21. In December, the company sold 10% of its interest in Weyburn property. The CAD $315M gained was used to reduce the company’s debt. Pengrowth is also in the initial phases of an oil sands project in Alberta.

Pengrowth bottomed below $4, and is now 17% above its 52-week low.

 

2. Ship Finance International Limited ( SFL): Engages in the ownership and operation of vessels and offshore related assets in Bermuda, Cyprus, Malta, Liberia, Norway, the United States, Singapore, the United Kingdom, and the Marshall Islands. Market cap at $1.39B.

Sell. Ship Finance reported fourth quarter earnings of $0.60 per share, beating estimates by $0.27. Charter revenue was $168 million. In January, the company announced an increase in the issuance of convertible senior notes that would be due in 2018. The total issue is now $350 million.

 

3. SeaDrill Limited ( SDRL): Provides offshore drilling services to the oil and gas industries worldwide. Market cap at $17.13B.

Buy. SeaDrill pays a dividend that yields 9.1%. The company reported quarterly results on February 28 2013, beating revenue estimates by $110M. SeaDrill earned $0.04 per share on revenue of $1.22B. The only negative news with this company was that it raised estimates for the downtime required for its deep-water rigs. The estimate was raised to around 100 days, up from 41 days. In Q4, operating profits for floaters declined by 7.3%, but profits from jack-up rigs increased by 44%. Operating costs increased by 24% to $774M.

 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs