It turns out, “video did not kill the radio star.” Thanks to the advent of streaming, listening to music is alive and well. Those firms that control this distribution continue to rack up plenty of steady fee revenue as subscriptions continue to grow. This has been great news for our latest pick for the Best Dividend Capture Stocks List pick!
Our pick is one of the old school streamers – first offering commercial free subscription satellite radio and now moving into the world of digital streaming. Thanks to bundling, continued demand and new forays into commercial music for restaurants, retail establishments, and other venues, our pick has seen its revenues and cash flows surge.
And thanks to its high insider ownership structure, our pick has continued to reward investors with those excess cash flows – paying dividends for years and raising its payout for the last five consecutive ones.
With that, our pick is also a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Thursday, August 4th, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 2.3 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest
media pick has the potential to give you what you need.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
