Week 11

We’ll start this week off with a much riskier pick than usual. CenturyLink (CTL) is a regional telecom at multi-year lows that just slashed its dividend by more than half! Why would we want to pick this stock? Well, the dividend is still quite juicy at over 8.25% and I believe the market overreacted to the cut. You can read more about it here, here and here.

For Tuesday, we’ll go with a company I had never heard of until today – Haverty Furniture (HVT). This furniture store with over 100 locations in 16 states has been around since the late 1800s. The stock price has been on the rise since the beginning of the year even though it has been relatively flat for the last five years. This isn’t the most exciting company, but they’ve been paying dividends since at least the early 1990s (probably much longer, but I couldn’t determine for sure) and the current yield sits right around 3%.

Extended Stay America (STAY) gets the Wednesday spot. This hotel chain with over 600 locations in 44 states has a strong financial footing. It also has “approximately twice as many rooms as its nearest competitor” in the extended stay hotel segment. Dividend payouts have been increasing for the last four years and the yield is currently about 4.6%.

Oaktree Strategic Income (OCSI) will be the pick for Thursday. This specialty finance company invests in “first lien, floating-rate performing loans in both the broadly syndicated and private placement markets.” Basically, they loan money to businesses. They currently have over $550 million loaned out at an average yield of 7.8%. The current yield for owners of the stock is approximately 7.7%.

Huntington Bancshares (HBAN), yet another regional bank, will complete week 11. This midwest bank, founded over 150 years ago, is the 38th largest bank in the United States and is a component of the S&P 500. The current yield is just over 4% and the payout has been increasing steadily for the last six years.