Have you ever driven yourself half-crazy looking for your car keys? You spend so much time looking for them — only to find them sitting in plain sight. They may not have been where you usually leave your keys, but there they are — right in front of you. You must have walked by them a dozen times. #-ad_banner-#The same thing happens to securities that pay irregular — or special — dividends. We like to call them “Wall Street Irregulars.” These dividend payers offer above-average yields, yet most investors skip right over them. That’s because popular investment resources like Yahoo! Finance rarely… Read More
Have you ever driven yourself half-crazy looking for your car keys? You spend so much time looking for them — only to find them sitting in plain sight. They may not have been where you usually leave your keys, but there they are — right in front of you. You must have walked by them a dozen times. #-ad_banner-#The same thing happens to securities that pay irregular — or special — dividends. We like to call them “Wall Street Irregulars.” These dividend payers offer above-average yields, yet most investors skip right over them. That’s because popular investment resources like Yahoo! Finance rarely reflect the total yield these companies offer. Most brokerage and investment websites only take a stock’s most recent dividend payment and multiply it times the payment frequency to get a stock’s annual dividend. The websites then use the computed annual dividend to calculate the yield. So while the “posted yield” — the yield investors see listed — may show something south of 2%, a stock’s “trailing yield” — the yield based on the company’s actual dividend payments over the last 12 months — may be much higher. There are various types of Wall Street Irregulars. There are quarterly irregulars, which… Read More