Week 16

Due to the Good Friday holiday, there are only 33 stocks to choose from for this entire week! But, that doesn’t mean we can’t find any good choices.

We’ll start the week off with another repeat from JanuaryPNC Financial (PNC). We made $1.61 per share plus the $0.95 payout. The price is a bit higher, but the current yield is near 3% and everything else still looks good.

For Tuesday the pick is Newmont Mining (NEM), one of the world’s largest gold producers. This is the first gold miner we’ve selected the year. The yield is only about 1.5%, but their earnings look good and they’re sitting on a cash pile of $3.4 billion. EDIT: Just after publishing this post, news came out that Newmont shareholders approved a $10 billion takeover of Goldcorp. This means Newmont is now the actual world’s largest gold producer and not just near the top. In addition, a special one-time dividend of $0.88 was approved. This means the yield will be 9.77% instead of 1.5%!

Main Street Capital (MAIN) will get the Wednesday slot. I nearly selected this stock back in January but it lost out to Colgate-Palmolive at the time. MAIN is a business development company that provides capital to private companies through debt and equity investments. The yield is a nice 6.3% and the stock has consistently outperformed the broader market for the last decade.

Finally, on Maundy Thursday, we’ll go with Seaspan (SSW). This containership owner out of Hong Kong leases a fleet of over 100 deep sea vessels to shipping companies around the world. Dividend payouts have increased for the last seven years and the current yield is over 5.4%.

Markets are closed on Friday, April 19.