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5 Soaring Stocks With Yields Over 5%

These big gainers also offer some juicy payouts

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BGC Partners

bgcYear-to-Date Gain: 74%
Dividend Yield: 8%

Our next company is the global brokerage name BGC Partners (BGCP), which boasts the biggest dividend on this list. The company currently rewards shareholders with a 12-cent per share payout, which gives the cheap stock a yield of 8%.

And that’s despite the stock’s 75% leap so far in 2013.

One reason for the outperformance: BGCP rose 48% on April 2 when it announced the sale of its benchmark, on-the-run, U.S. Treasury fully electronic trading platform. As the company explained, the assets it sold generated just under $100 million in revenues in 2012, and constituted less than 6% of its overall revenues for last year. But they sold for $750 million in cash for it, on top of stock.

The “new” BGC Partners seems to have good prospects, too. Even after the run-up, BGCP is trading for a mere 9.6 times forward earnings, while its five-year annualized growth is slated for 12.5%.

One thing to look out for, though: The current 12-cent dividend is actually a decrease from last year’s 17-cent-per-share payout. But for now, it’s still one heckuva yield.

As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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