Two container leasing stocks in the top-rated Commercial
Services-Leasing group pay above-market yields and are forming
new chart patterns.
Tal International (
) recently raised its quarterly dividend to 64 cents a share, up
from 62 cents. The company has hiked its payout nearly every
quarter since slashing it to a penny a share in 2009.
On an annual basis, Tal pays $2.56 a share. It has a yield of
about 5.8%, which is more than double that of the S&P 500.
Tal has the second-highest yield in its group.
Tal cleared a long cup base Jan. 28 and rose 11% before
pulling back. It's now nearly five weeks into a possible flat
base. It's carved out a strong uptrend and stayed above its
10-week line since December.
Tal showed single-digit percentage gains or even declines in
EPS in recent quarters, but analysts see a 14% rise for the
Textainer Group Holdings (
) also has shown slight declines in quarterly EPS lately, with
more of the same expected with its next quarterly report. It had
been showing strong quarterly growth for several years, but its
adjusted profit slipped in the latest two periods due to losses
But its dividend remains attractive. Last month, the company
raised its payout to 45 cents a share from 44 cents -- its
12th-straight quarterly increase. Textainer's dividend has jumped
22% since the fourth quarter of 2011.
The company pays shareholders $1.80 per share on an annual
basis, which gives the stock a yield of 4.4%. Its yield is at
about the midpoint of its peers.
Like Tal, Textainer is pulling back after breaking out from a
large cup base in January. But the stock has already formed a new
pattern -- a five-week flat base with a 44.06 entry.