Ghana at Loggerheads With Afreximbank Over $768 Million Debt
Ghana, emerging from a bruising debt restructuring process, faces a dispute with African Export-Import Bank, one of its biggest commercial creditors, over whether it should take losses on a $768.4 million liability.
The finance ministry says the debt must be treated comparably to others it's restructured, from bilateral loans with China to $13 billion in eurobonds. But Afreximbank — which was set up by African countries and private investors more than three decades ago — insists it has preferred creditor status, meaning member states can't force it to take losses.
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Bank of America Stock (BAC) Nears Record High as Pivotal Earnings Report Looms
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Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. So, today, let's explore the lesser-known, Wall-Street-approved dividend stocks in the market to find which ones offer consistent payouts and the best yields. With Barchart's Stock Screener tool, I added the following filters: Number of Analysts: 8 to 12. I'll limit the final list to stocks that Wall Street covers, but not excessively. The 8-12 range is best suited for that situation. Current Analyst Rating: 4.5 to 5 (Strong Buy). I want only the best of the best on this list to improve the chances of success. Dividend Payout Ratio: 25% to 60%. The dividend payout ratio is the portion of the company's earnings that is used to pay dividends. A range of 25% to 60% represents a reasonable balance between relatively high yields and sufficient funds to support business growth and improvement - something that long-term investors would appreciate. Market Cap: $3 billion to $10 billion. 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Rithm Capital offers a stable quarterly dividend of 25 cents per share since 2021, which translates to a $1.00 annual rate and an 8.9% yield. Based on its 43.01% dividend payout ratio, the company has sufficient funds to continue paying dividends. RITM stock has an impressive 4.80 average analyst score, indicating a strong buy rating based on 10 individual analyst reviews. It's also trading well below its pre-pandemic price levels, which potentially offers significant growth if it fully recovers. Next on the list is Copa Holdings, a South American airline holding company that operates the Copa Airlines, AeroRepublica, and Wingo brands. The company offers around 375 daily scheduled flights to 32 countries across all of its businesses. It is one of the top airlines in Latin America, and its cheaper offerings through Wingo make it an attractive choice for budget-conscious travelers. 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NXST stock also maintains a strong buy rating with an average score of 4.75. While I firmly believe that income investors should have some of the top dividend stocks from the Dividend Kings and Aristocrats lists, like KO, ABT, JNJ, and PEP, there's no hard and fast rule against investing in smaller dividend stocks with attractive yields. That said, smaller-cap companies tend to be at a higher risk of experiencing significant price fluctuations. But, if you get lucky, you might just snag a high-yield dividend stock while it's on its way to mega-cap status. On the date of publication, Rick Orford did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
