Highest Paying Dividend Stocks – In Focus SMRT

Stein Mart (SMRT) is one of the highest paying dividend stocks we cover; but we do not consider it one of the best dividend paying stocks we cover. We will explain why in the report below.

Background

Stein Mart is a national retailer offering fashion merchandise for women and men. It was begun in the early 1900’s as a single store in Greenville Mississippi. It currently operates 264 stores in 29 states. Most of these stores are located in the southern and western regions of the U.S. Stein Marts fashions and accessories are made at prices competitive with off-price retail chains. Stein Mart’s current headquarters are in Jacksonville Florida.

Stock Fundamentals

Stein Mart is a very small company whose sales have barely budged in over seven years. In our opinion, its balance sheet is weak and may get weaker. To make matters worse, in recent years, the company changed auditors and was investigated by the SEC. These are not good signs.

On the positive side, it has been mostly profitable and cash flow (operating) positive over the last 7 – 8 years. And it is selling at a low price relative to most of the normal metrics used in the most popular price multiples.

Stein Mart has a spotty record at creating value and our assessment of its overall fundamentals is not high. We rate its overall stock fundamentals as only a “C” (C is average). And this may be generous. We are not high are SMRT. And we do not consider it one of our top dividend paying stocks.

Stat Sheet – Stein Mart Incorporated 4/8/16

  Information
Ticker SMRT
Industry Retail (Apparel)
Price $ 6.53
Market Cap  $ 292
Dividend Yield 4.59
Dividend/CFOp 0.372
Equity/Assets 0.118
Average Equity/Assets 0.419
Financial Strength Below Average
Growth Prospects Average
Beta 1.19
Price Volatility Above Average
Stock Fundamentals C

(Our assessment of this firm’s fundamentals will be in effect for the rest of calendar year 2016)

If you would like to see the stocks we do consider our top dividend paying stocks, click the link below.

Best Monthly Dividend Stocks and More

Disclaimer – Information contained herein has been obtained from sources believed to be reliable. Neither the author nor the publisher guarantees the accuracy or completeness of the information and methods described. This information is offered as general commentary only. It is not intended as investment advice. Investment and trading of securities involves risk, including of loss of capital. Market conditions change over time, and no assurance can be given that a reader may apply the principles described to make a profit. The author and publisher expressly disclaim all and any liability to any person for any investment or trading decisions that the reader may make in reliance on this information.

 

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Highest Paying Dividend Stocks – In Focus SMRT

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