What stocks under $20/share pays highest dividends ?

Quote from TheGoonior:

ERF and PGH are Canadian trusts that pay a monthly dividend (right around 8-9% annual at the moment). ERF is right around $20 and PGH is about $10.50. Both are optionable, which is how I play them (covered calls).
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I second this recommendation. We've played these for years this way in our IRAs :)
 
Quote from NoDoji:

I second this recommendation. We've played these for years this way in our IRAs :)
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Do you know what will ,most likely, happen to the price of this type of companies when their tax status is changed in 2011 ?
 
Quote from Hombre:

Do you know what will ,most likely, happen to the price of this type of companies when their tax status is changed in 2011 ?
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I never know what will happen to stock prices. I know that price dropped on the news and bounced right back again. I do know these trusts have provided income from dividends and covered calls for a long time. By now they've paid for themselves.
 
Quote from NoDoji:

I never know what will happen to stock prices. I know that price dropped on the news and bounced right back again. I do know these trusts have provided income from dividends and covered calls for a long time. By now they've paid for themselves.
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How will it affect their dividends then ? I like those trusts just don't know anything about them .
 
You want to look for a debt to equity ratio below .8, significant free cash flow, a history of sustainable dividends amd the ability to pay these from less than 100% of FCF. Set a stop/loss of 10% of original purchase price and a trailing stop each 20% increase from that price. There are a few dozen stocks that meet that criteria. Try finviz.com for your discovery. Good hunting.
 
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