Trust Dividends

Looked at Rackable Systems on Thursday, and Cramer mentioned them on his show Friday! I don't know why he is so excited, they compete with Dell. I didn't bite because of a look at the income statement. Still, I would love to one day have my stock outed on 'Mad Money.'

Set up a new screen, which REIT or oil trust to buy on Tuesday for the dividend. Some are offering quarterly dividends. Some have a monthly one percent distribution.

ECC Capital (NYSE: ECR) . The Irvine REIT goes ex div on the 28th, for $0.18 per share (Friday close, $2.45); yield is seven percent.

New Century Finance (NYSE: NEW). This Irvine REIT goes ex-div on the 28th, for $1.70 per share (Friday close, 39.68); yield is 4.25 percent.

Saxon Capital Inc (NYSE: SAX). This Glen Allen, VA, REIT goes ex div on the 28th, for a quarterly cash div of $0.50, and a special dividend of 14 cents per share (Friday close, $12.63); yield is about five percent.

Fieldstone Investment Corp (NasdaqNM: FICC). Columbia, MD, REIT goes ex div on the 28th, for a quarterly dividend of $0.52, and a special divvy of three cents per share (Friday close, $12.37); quarterly yield is slightly less than 4 1/2 percent.

Novastar Financial Inc (NYSE: NFI). Missouri REIT goes ex div on the 28th, for $1.40 per share (Friday close, $31.15); quarterly yield is almost four and a half percent.

Thornburg Mortgage Inc (NYSE: TMA) Santa Fe, NM REIT goes ex-div on the 28th, for $0.68 per share (Friday close, $27.41); quarterly yield is about two and a half percent.

Enterra Energy Trust (NasdaqNM: EENC). Oil trust goes ex-div for a monthly distribution of $0.18 per share (Friday close, $17.01).

Permian Basin Royalty Trust (NYSE: PBT). Oil trust goes ex div for a monthly distribution of $.155851 per unit (Friday close, $15.66).

San Juan Basin Royalty Trust (NYSE: SJT) Oil trust goes ex div for a monthly distribution of
$0.408899 per unit (Friday close, $44.24).

Tel Offshore Trust (NasdaqSC: TELOZ) Oil trust quarterly dividend is $0.381146 per share, more than three percent based on Friday's $11.33 close.

Hugoton Royalty Trust (NYSE: HGT). Oil trust monthly distribution is $0.338107 per share, Friday close $37.86.

Ran a new screen on Yahoo for low PEG and low P/S, based on the last five years of earnings growth. The results are a mix of cheap growing companies and companies that missed earnings expectations. One stock that came up was Jo-Ann Stores Inc (NYSE: JAS). The price/sales is an unbelievable 0.14. More than eight hundred stores and a market cap of $266 million. Precious says Michael's Stores are much better these days. Someone will come in there, close underperforming stores, and get earnings back in line.