Never Buy These High Yield Dividend Stocks
Summary
TLDREl video analiza las peores inversiones de dividendos rentables, que ofrecen rendimientos altos pero con problemas fundamentales. Ejemplos incluyen Granite Point Mortgage Trust, Great Elm Capital Corporation y Orchid Island Capital, todas con históricos de mal desempeño y dividendos insostenibles. El presentador advierte sobre la atracción de altos rendimientos y la importancia de buscar inversiones con rendimientos dentro del rango promedio, evitando riesgos innecesarios.
Takeaways
- 🚫 Las inversiones en dividendos de alto rendimiento pueden ser tentadoras, pero el guionista no recomienda mantenerlas a largo plazo debido a problemas fundamentales en las empresas.
- 📉 A pesar de los altos rendimientos, algunas empresas han mostrado un rendimiento deficiente desde sus inicios, lo que indica una mala inversión a largo plazo.
- 💡 Algunas inversiones, como el Cornerstone Strategic Value Fund (CLM), a pesar de una caída en el precio de las acciones, pueden ser rentables gracias a la reinvestización de dividendos.
- 🏢 Granite Point Mortgage Trust (GPMT) es una empresa pequeña con problemas significativos en su portafolio de préstamos, lo que sugiere riesgos altos para los inversionistas.
- 📉 Great Elm Capital Corporation (GECC) ha experimentado una caída del 85% en su valor de mercado en menos de 8 años, lo que indica un rendimiento extremadamente bajo.
- 🤔 Los dividendos sostenibles no siempre son una realidad; GECC ha sufrido recortes significativos en sus dividendos a lo largo de los años.
- 💔 Orchid Island Capital (ORC), a pesar de ofrecer un rendimiento del dividendo del 177%, ha sido una mala inversión desde su IPO, con múltiples recortes de dividendos.
- 📊 La rentabilidad de una inversión no solo se mide por el rendimiento del dividendo, sino también por el historial de la empresa y su capacidad para mantener y aumentar esos dividendos.
- 💼 La elección de una buena inversión en dividendos debe basarse en un análisis cuidadoso de la trayectoria y la gestión de la empresa, más allá de solo buscar el mayor rendimiento.
- 🌐 Los inversores novatos a menudo se centran en el rendimiento del dividendo y la frecuencia de pago, pero es importante considerar también el riesgo y la sostenibilidad de la inversión.
- 📚 El guionista anima a los espectadores a buscar información adicional y a considerar otras opciones de inversión antes de tomar una decisión.
Q & A
¿Por qué el presentador no recomienda invertir en los dividendos de alto rendimiento mencionados en el script?
-El presentador no recomienda invertir en estos dividendos porque, a pesar de ofrecer rendimientos altos y atractivos, las empresas detrás de estas inversiones han demostrado tener problemas fundamentales y han luchado durante la mayor parte de su existencia, lo que ha llevado a una historia de mal desempeño a largo plazo.
¿Qué ejemplo se da de una inversión que, a pesar de una caída en el precio de las acciones, ha sido rentable a largo plazo?
-El ejemplo dado es el Cornerstone Strategic Value Fund (CLM), que a pesar de colapsar en el precio de las acciones a lo largo del tiempo, ha proporcionado un rendimiento anual promedio del 5.91% desde 1995, gracias a una reinvertir sus dividendos que a menudo ofrecían un rendimiento del 20% o más.
¿Cuál es la primera empresa que el presentador no recomienda invertir y por qué?
-La primera empresa que no se recomienda es Granite Point Mortgage Trust (GPMt), debido a que es una compañía muy pequeña con un mercado capitalización de solo $155 millones, y ha sufrido con una de las peores carteras de préstamos en la industria, con $690 millones en préstamos sin recibir intereses.
¿Qué es una de las razones para evitar invertir en pequeñas empresas como Granite Point Mortgage Trust?
-Una de las razones es que las pequeñas empresas tienen una mayor probabilidad de verse afectadas por no-accesos o propiedades vacías, lo que pone en riesgo el dividendo, en comparación con las empresas más grandes y estables.
¿Qué es Great Elm Capital Corporation (GECC) y por qué se menciona como una mala inversión?
-Great Elm Capital Corporation es una empresa de desarrollo empresarial que se especializa en préstamos y inversiones en el mercado intermedio. Se menciona como una mala inversión debido a su rendimiento extremadamente deficiente, con una caída del precio de las acciones del 85% en menos de 8 años y una historia de recortes severos en sus dividendos.
¿Cuál es el problema principal con la gestión de Great Elm Capital Corporation según el script?
-El problema principal es la caída de su valor neto activo, que ha sido una de las peores en el sector de las BEC (Business Development Companies), y su alto ratio de pago de dividendos, que indica una cobertura insuficiente de los dividendos.
¿Qué es Orchid Island Capital (ORC) y por qué se considera una mala inversión?
-Orchid Island Capital es una compañía de finanzas especializada que invierte en bonos respaldados por hipotecas residenciales a través de una base de capitalización. Se considera una mala inversión debido a su historia de destrucción del valor de las acciones, recortes en dividendos y un rendimiento de dividendos no sostenible a largo plazo.
¿Por qué el rendimiento de dividendos de Orchid Island Capital (ORC) es considerado no sostenible?
-El rendimiento de dividendos de ORC es considerado no sostenible debido a que la empresa ha experimentado una serie de recortes en dividendos y su ratio de pago de dividendos es de 94.7%, lo que indica que están pagando la mayor parte de sus ingresos como dividendos, lo que no es viable a largo plazo.
¿Qué es una estrategia para invertir en dividendos que el presentador sugiere en lugar de perseguir rendimientos extremadamente altos?
-El presentador sugiere que en lugar de perseguir rendimientos extremadamente altos, los inversores deberían buscar inversiones que ofrezcan rendimientos dentro del rango promedio para su tipo de inversión, lo que podría reducir el riesgo y proporcionar una mayor estabilidad.
¿Por qué algunos inversores podrían estar interesados en las inversiones mencionadas a pesar de los problemas fundamentales?
-Algunos inversores podrían estar interesados en estas inversiones debido a los rendimientos de dividendos extremadamente altos y la esperanza de obtener ganancias a corto plazo o porque están en busca de ingresos de dividendos sin prestar atención al valor a largo plazo de la inversión.
¿Qué alternativas sugiere el presentador para aquellos que buscan una inversión de renta fija con un historial sólido?
-El presentador sugiere que los inversores consideren otras opciones como Blue Owl Capital, Hercules Capital o Aries Capital, que tienen un historial más sólido y ofrecen una mejor cobertura de dividendos en comparación con las empresas mencionadas en el script.
Outlines
🚫 Inversiones de Dividendos Altos con Problemas Fundamentales
El video analiza inversiones de dividendos altos que ofrecen rendimientos atractivos pero no son recomendables a largo plazo debido a problemas fundamentales. Se menciona el ejemplo del Cornerstone Strategic Value Fund (CLM), que a pesar de una caída en su valor, ha ofrecido un rendimiento anual promedio del 5,91% desde 1995 gracias a su alta tasa de dividendos. Sin embargo, las acciones que se revisarán no han mostrado retornos rentables desde sus inicios. Se enfatiza la importancia de no invertir en estas compañías con la esperanza de retirarse de ellas, debido a su historial de mal desempeño.
❗ Empresas con Altas Tasas de Dividendos pero Historial Negativo
Se detallan tres compañías que ofrecen rendimientos de dividendos altos pero que han demostrado un historial de mal desempeño y no son recomendables para inversiones a largo plazo. Granite Point Mortgage Trust (GPMT), con un portafolio de hipotecas de alto riesgo, Great Elm Capital Corporation (GECC), una empresa de desarrollo de negocios con una caída del 85% en su valor de acciones en menos de 8 años, y Orchid Island Capital (ORC), una compañía de financiamiento especializado con una tasa de dividendo del 177% pero con una serie de recortes en sus dividendos y un historial de mala gestión. Se argumenta que, a pesar de las altas tasas de dividendos, estas compañías no son buenas opciones para inversionistas que buscan rentabilidad a largo plazo debido a sus problemas fundamentales y la destrucción de valor en sus acciones.
Mindmap
Keywords
💡Dividendos
💡Rentabilidad
💡Granite Point Mortgage Trust (GPMT)
💡Valor de mercado
💡Porcentaje no-accrual
💡Tasa de interés flotante
💡Great Elm Capital Corporation (GECC)
💡Valor de activos netos
💡Orchid Island Capital (ORC)
💡Valores respaldados por agencias
💡Proporción de pago de dividendos
Highlights
The video discusses high-yielding dividend investments that are not recommended for long-term holding due to fundamental issues.
High-yielding investments can still be profitable with long-term share price declines if dividends are reinvested, exemplified by the Cornerstone Strategic Value Fund (CLM).
Granite Point Mortgage Trust (GPMT) is highlighted as a small company with a high dividend yield but significant risks in its mortgage portfolio.
GPMT's CFO announced $690 million in non-accrual loans and additional loans on non-accrual status, indicating financial stress.
The video advises against investing in small companies with risky asset classes, such as most mortgage REITs.
Great Elm Capital Corporation (GECC) is criticized for its poor performance and significant dividend cuts over the years.
GECC's net asset value has collapsed, which is unusual for a business development company (BDC).
Orchid Island Capital (ORC) is warned against due to its high dividend yield and poor track record since its IPO.
ORC underwent a reverse stock split in 2022 to increase its share price, indicating its low value.
Investors are cautioned against focusing solely on high yields and advised to look for investments with yields within the average range.
The video emphasizes the importance of not aggressively pursuing yields and considering the overall stability and track record of an investment.
Some investors have reported positive returns from the discussed companies, but these are often attributed to recent purchases or luck.
The video concludes by reiterating the unsuitability of the discussed companies for long-term investment, regardless of market conditions.
The presenter invites viewers to join their Patreon for updates and discussions on higher-yielding dividend investments.
A final reminder for viewers to consider the long-term implications and risks associated with high-yielding dividend investments.
Transcripts
today we're going to take a look at some
of the worst of the worst when it comes
to high yielding dividend Investments
these are investments that currently
offer very high and attractive yields
but I don't believe anyone should ever
consider holding them as long-term
Investments it doesn't matter how
discounted they are or how much they
might pay in dividends all of these
companies have shown to have fundamental
issues and therefore have struggled for
most if not all of their entire
existences all of these Investments I've
been asked to review at one point or
another because of their extremely high
yields so I figured it would be a good
idea to take a look at some of the most
popular ones today as I've shown a few
times in the past even if a stock Falls
massively in share price over time it
can still be a profitable investment if
you reinvest the dividends a good
example of this would be the Cornerstone
strategic value Fund ticker CLM despite
collapsing in share price over time CLM
has provided an average annual return of
5.91% since 1995 it sounds impossible
but CLM has regularly offered a yield of
over 20% at times it goes to show that a
high yielding investment can offer
positive returns with long-term share
price declines but the stocks we're
going to look at today have not provided
a profitable return since their IPOs and
sometimes people will say okay this
company suffered in the past but there's
some reason to believe that it's going
to get better for them now and when I
hear that I understand the appeal of
wanting to get in on a heavily
discounted company and you could likely
see some kind of short-term gains on
these stocks but I would not recommend
anyone invest in any of these with the
goal of retiring off of them because of
their long history of poor performance
so with that being said let's go ahead
and get started the first company I
definitely would not recommend is
Granite Point mortgage trust ticker
gpmt this company originates invests in
and manages senior floating rate
commercial mortgage loans and other debt
and Deb likee commercial real estate
investments in the US this company
provides intermediate term bridge in
transitional financing for various
purposes including Acquisitions
recapitalizations and refinance
with a dividend yield of over 19% I've
received comments from people asking
about whether this is a good investment
for the dividend income or not but
there's a couple reasons why people
should pass on this investment Granite
Point is a very very small company
they're currently the seventh smallest
Ed with a market cap of just $155
million for comparison steuart Property
Trust has a market cap of 6.11 billion
if you're looking for a sturdier
dividend it's always better to invest in
the larger reads because it takes less
non-acs or vacant properties to put the
dividend at risk and Granite Point has
been suffering with one of the worst
mortgage portfolios in the industry on
their latest earnings call their CFO
announced that they had $690 Million
worth of loans that they weren't
receiving interest on and five
additional loans were placed on
non-acral status as of March 31st now
when interest rates do get cut then I
think that will greatly benefit this
company they do hold 98% floating rate
debt and with lower rates their
borrowers shouldn't be as hard pressed
to pay them them hopefully but people
should consider if it's worth investing
in such a small company and such a risky
asset class I've discussed many times in
the past that most mortgage rats are not
good long-term Investments there are a
handful of good ones that do exist but
the majority of them lose a lot of value
and experience dividend Cuts over time
if you want to go ahead and hold some Ms
then there's a number of them that exist
that have much better track records and
that haven't fallen as hard as this
company has another company with a
terrible track record is great Elm
capital Corporation ticker
gecc they're a business development
company that specializes in loans and
Middle Market Investments according to
their website they invest in income
generating debt and Equity Investments
that have an emphasis on specialty
finance companies that provide exposure
to a bespoke investment product that can
outperform the liquid credit markets
with a dividend yield of almost 14% I
get questions about this company on a
pretty regular basis although not as
much as I used to since they no longer
pay monthly dividends since the
beginning of this company's existence
it's been fighting a downward struggle
in less than 8 years their stock share
price has collapsed by more than
85% this is shockingly bad performance
in an asset class that doesn't normally
experience these kinds of failures on
their website they have a section called
why invest and the first thing they
mention is that they have a sustainable
dividend but if we actually look at
their dividend history we can see
they've gone through some pretty serious
dividend Cuts over the last few years
gron went from paying a147 each quarter
to just 35 c a quarter today a major
issue for this company has been its
collapsing net asset value which has
been one of the worst in the BDC sector
today they have stabilized a bit and
conditions are improving for them but I
have to ask why should anyone bother
investing in this BDC when there's a ton
of Greater options out there it is rare
to come across a BDC that yields almost
14% but if you're willing to settle for
just a couple percentage points lower
you won't have to entrust your money
with this kind of management team as of
last quarter their dividend payout ratio
was
94.5% this is pretty high for right now
and many bdcs out there are seeing
better coverage and are still paying
special dividends I can't possibly think
of a great reason to hold this company
when there's so many better performing
options out there just like granted
Point great Elm is also a pretty small
company which is another negative for
them check out blue ow Capital Hercules
capital or Aries Capital just to name a
few another company that people should
continue to avoid is Orchid Island
Capital ticker orc they're a specialty
finance company that invests in
Residential Mortgage back Securities on
a leverage basis their rmbs are backed
by single family Residential Mortgage
Loans referred to as agency R&B's its
portfolio includes traditional pass
through agency R&B's such as mortgage
pass through certificates and
collateralized Loan obligations they
claim their objective is to provide
attractive risk adjusted total returns
over the long term through a combination
of capital appreciation and the payment
of regular monthly distributions orc
currently offers a Yi of almost 177% and
they actually do pay monthly dividends
there are a lot of people out there who
only pay attention to those two things
and they will jump right into this stock
it's actually a very common stock among
firsttime income investors but Orchid
Island has not been a good investment
and nearly any time since its IPO just
like every other company we've looked at
up to this point they've gone through a
serious amount of share price
destruction in 2022 the company did a
reverse stock split in order to increase
their share price since it was basically
a penny stock at the time I have seen
comments from people online who have
this mentality where they'll say to
themselves I'm 80 years old and capital
appreciation isn't too important for me
I just want to reach for the highest
dividend I possibly can but orc also
continues to have one of the worst track
records of any read in terms of
dividends going through about eight Cuts
in the last decade it's been about 6
months since I last took a serious
in-depth look into this company and
things have only gotten worse for them
you can see their net income in q1 fell
by 26.9% % compared to the previous
quarter and their stock is now at risk
again of another dividend cut right now
they have a payout ratio of
94.7% and many people are confused about
how this could be possible here you have
a company that invests in
government-backed mortgages that are
guaranteed how on Earth could you lose
money doing something like that it's a
topic that's way too long to get into in
this video but I did cover it in this
video If you happen to be interested in
the topic it all comes down to how much
they earn from the mortgage interest and
the borrowing cost cost to buy the
mortgage plus a lot of leverages
involved but it looks like nothing has
really changed at Orchid Island since
our last check-in it's just a bad
company that everyone should stay away
from so in summary all of these stocks
I'd consider to be among the absolute
worst places to put your money if you're
looking for income don't pursue yields
too aggressively and instead look for
Holdings that offer yields well within
the average range for them every time I
talk about these Investments I always
get some people who say they have earned
a positive return from them but they
either just bought the shares like a
month or two ago or they were very very
lucky but even if market conditions
improve I still wouldn't suggest
investing in any of these companies let
me know your thoughts but with that
being said that's going to conclude
today's video if you'd like to connect
and also see what's inside my own
personal dividend portfolio then feel
free to check me out over on our patreon
where you'll receive updates and be able
to talk to me and other higher yielding
dividend and income investors but with
that being said thank you all so much
for watching today's video and until
next time take care
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