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Alberto Abaterusso
Alberto Abaterusso
Articles (1659) 

3 Superior Forward Dividend Yield Stocks

TFS Financial tops the list

February 18, 2019 | About:

As of Friday, several stocks are offering a forward dividend yield that is higher than the S&P 500 index's yield of 1.94%. As a result, dividend investors may want to consider the following securities.

Shares of TFS Financial Corp. (NASDAQ:TFSL) were trading around $16.93 on Friday. Following a 10% increase for the 52 weeks through Feb. 15, the forward dividend yield is 5.91%. The stock has a market capitalization of approximately $4.74 billion, a price-book ratio of 2.72 versus an industry median of 1.11, a price-sales ratio of 15.63 versus an industry median of 3.01 and a price-earnings ratio of 58.38 compared to an industry median of 12.36.

The share price is above the 200, 100 and 50-day simple moving average lines. The 52-week range is $14.19 to $17.

TFS Financial is a Cleveland-based provider of banking services to retail consumers.

GuruFocus has assigned a financial strength rating of 3 out of 10 and a profitability and growth rating of 3 out of 10.

The stock has a recommendation rating of 2 out of 5 and an average target price of $17 per share.

Shares of PacWest Bancorp (NASDAQ:PACW) were trading around $41.13 on Friday. For the 52 weeks through Feb. 15, the share price declined 24% and the forward dividend yield rose to 5.84%. The stock has a market capitalization of about $5.07 billion, a price-earnings ratio of 10.06 versus an industry median of 12.36, a price-sales ratio of 4.34 versus an industry median of 3.01 and a price-book ratio of 1.05 compared to an industry median of 1.11.

The price is below the 200-day simple moving average line, but above the 100 and 50-day lines. The closing price on Friday fell within the 52-week range of $31.16 to $55.86.

Based in Beverly Hills, California, the bank holding company provides its clients with commercial banking products and services through its state-chartered Pacific Western Bank.

GuruFocus has assigned a financial strength rating of 4 out of 10 and a profitability and growth rating of 4 out of 10.

The recommendation rating is between a strong buy and a hold rating. The average target price is $43.08 per share.

Shares of Oritani Financial Corp. (NASDAQ:ORIT) were trading around $17.31 on Friday. For the 52 weeks through Feb. 15, the stock jumped 8%, pushing the forward dividend yield up to 5.78%. The stock has a market capitalization of $778.7 million, a price-book ratio of 1.47 versus an industry median of 1.11, a price-sales ratio of 7.11 versus an industry median of 3.01 and a price-earnings ratio of 14.31 versus an industry median of 12.36.

The share price is above the 200, 100 and 50-day simple moving average lines. The 52-week range is $14.07 to $17.40.

Based in Washington Township, New Jersey, Oritani Financial is a holding company for Oritani Bank. The financial services company provides its individual and corporate clients with a diverse range of banking services.

GuruFocus has assigned a financial strength rating of 3 out of 10 and a profitability and growth rating of 3 out of 10.

The recommendation rating is 3 out of 5 and the average target price is $16.33 per share.

Disclosure: I have no positions in any securities mentioned.

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About the author:

Alberto Abaterusso
If somebody asks what being a value investor means, Alberto Abaterusso would answer, “The value investor is not just the possessor of the security that represents the company, but he is the owner of that company. As an owner of the company the value investor is actively involved in the dynamics of that company and his first concern is how to have sales progressively growing. Also, the value investor is probably one of the most demanding persons in the world concerning sales.”

Abaterusso is a freelance writer based in The Netherlands. He primarily writes about gold, silver and precious metals mining stocks. His articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. Alberto holds an MBA from Università degli Studi di Bari (Italy), Aldo Moro.

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