As the first month of 2012 closes we decided to put together a list of the top performing dividend stocks for January. Each of these stocks has risen 20% or more in the month of January alone and has a dividend yield over 3%. We ruled out any stocks that have daily average trading volumes of less than 100k shares or are trading under $5 per share.
Many of these stocks had been beaten down in the months leading up to January and are starting to see a recovery. This list is published on the last day of January so there is still room for other stocks to make a move.
1. Skyline Corporation – SKY
January Gain: 46.67%
Skyline Corp is heavily owned by institutional investors (86%). They make and distribute small homes and RVs. Their dividend yield is 5.2% after they cut their dividend substantially in 2011.
2. Tsakos Energy Navigation, Ltd – TNP
January Gain: 38.49%
Tsakos provides international seaborne crude oil and petroleum transportation services. They control 47 crude oil carriers and petroleum tankers that provide services around the world. 21 of their vessels meet ice-class requirements. TNP is a lightly traded company with 22% institutional ownership and a dividend yield of 9%.
3. Mesabi Trust – MSB
January Gain: 29.92%
The Mesabi Trust is a royalty trust that receives income from an iron mine in Minnesota. The mine is run by Northshore mining company. The Mesabi Trust has a dividend yield of 7.9%. They have been paying dividends since 1990 and have raised their dividend for each of the last 3 years.
4. SouFun Holdings Ltd. – SFUN
January Gain: 29.79%
This is an interesting company. SouFun operates a Internet portal and home improvement websites in China. They have 63 offices that provide marketing and listing services. Their dividend yield is 9.8% but they pay dividends only once per year. Their ex-dividend date is usually near the end of the year.
5. E-House China Holdings – EJ
January Gain: 29.51%
E-House provides real estate services in China. They offer consulting, online services and investment fund management. 60% of their stock is owned by institutional investors. Their dividend yield is 4.5%. They pay dividends once per year but their ex-dividend date will probably be coming up in April of 2012.
6. Greenhill and Co. – GHL
January Gain: 28.76%
Greenhill is an investment bank that assists with mergers and acquisitions. They also assist with raising capital and financial restructurings. This stock is heavily owned by institutions and has a modest 3.8% dividend yield.
7. Capital Product Partners – CPLP
January Gain: 27.41%
Capital Product Partners is a tanker company that provides services around the world. They own 21 vessels that transport oil, gasoline and other fuels. CPLP has a dividend yield of 12%. They cut their dividend in 2010 but were able to maintain it in 2011.
8. Macro Bank – BMA
January Gain: 27.24%
Macro Bank is a Argentinean Bank that provides banking services to individuals and businesses in Argentina. They have a dividend yield of 12% and pay dividends once per year. Their next ex-dividend date will most likely be in May of 2012.
9. Siliconware Precision – SPIL
January Gain: 26.15%
Siliconware provides semiconductor packaging and testing services. Only 15% of their stock is owned by institutional investors. They also pay dividends annually and have been paying dividends since 2004. Their 2012 ex-dividend date will be sometime in July.
10. Transocean – RIG
January Gain: 22.04%
Transocean is a stock we hear about a lot. They provide offshore drilling services for oil and gas wells. Transocean was providing drilling services to BP at the time of the oil spill in the Golf of Mexico. They have a dividend yield of 4.9%. They just started paying dividends in May of 2011.