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Rocky’s Weekly Stock Picks

This week we’re jumping right on in to some exceptionally high upcoming dividend-yielding picks, and then looking overseas to see what we can see.

  1. SSSS - $9/share, $7 annual dividend (some 77%). Ex-div is 3/24.

    What, and why? SuRo is a capital investment/management company, and apparently is paying a high dividend. The price has moved down sharply, so we can capitalize on the discount. The dividend yield is so high that in a year we recover most of our investment.

    Now, that’s not a guarantee (the upcoming dividend pretty much is, though)., but we can reasonably expect to see it play out that way.

  2. JEQ - Aberdeen Japan Equity Fund, $6.79, with ex-div on 3/23. Yield is 16.65%. Yikes. We aren’t reading too much into it. Our anticipation is to see that yield come down to align more properly with the price. A cursory scanning of a summary suggests that this security is pegged to the Japanese equivalent of what we think of as “the Market”.

  3. ZIM - $78.81 a share, we aren’t in for many shares…. We’ve passed this one over in the past and regretted it. We see an 86% annualized yield…interesting. The price has gone steadily up over the last year, as well.

    This company does with cargo shipping, and they’re pretty good sized from the sounds of it. We see this as a low-risk pick. That may not be enough for some of us. $79 might be 40% of our funds to invest with. Fractional shares are one way to do it, though.

  4. IFN - $18.79 , 12.83% annual yield. The India Fund. It’s exactly what it sounds like. The yield is nice, the price is reasonable, and basically we just expect good things coming from the Indo-Pacific region’s markets. …not China, though.

    We avoid investing in Chinese companies. They have a tendency to default, go bankrupt, get sanctioned….the kind of stuff that involves you losing your investment.


  5. NOK - $4.82 , Nokia doesn’t pay a dividend but it does have weekly options. The premiums aren’t thrilling, but the share prices stays pretty stable. We want to take advantage of the downturn, adding to our shares.

    Alternately, we could utilize LEAPs for weekly calls.