Friday, November 14, 2008

A Strong Dividend With Strong Potential

From to time the markets create great opportunities in strong dividend paying stocks. This is indeed the case with Frontilne (FRO: NYSE). The company is involved in the transportation of crude oil, coal and iron ore. The stock has pulled back from its all time high of 72.36 and it is now trading at forward PE ratio of 6.75. It’s dividend is currently $12.00 or 41.60%. Management also owns 34% of the shares outstanding. What all of this is telling us is that if you are taking a long term approach you will not only receive the strong dividend. But you also will have strong upside growth potential. When you put these two factors together you will receive the dividend and growth. Something that can be difficult to find in an economic environment like this. If you would like to learn more about the company please visit Frontline’s website at http://www.frontline.bm. Another strong dividend opportunities worth some consideration includes: Southern Copper (NYSE: PCU) the current dividend is $1.36 or 10.60%. It’s web site is http://www.southerncoppercorp.com

No comments: