American Capital Strategies, one of the high-yield companies in the Dividend Superstars portfolio, announced their third-quarter earnings today. A few of the company's investments lost value because of the unfolding subprime mess, but by and large, things looked very good.
More importantly, ACAS announced that it would boost the quarterly dividend payment 14% in the fourth quarter. At a new annual indicated rate of $4 a share, that puts the stock's yield north of 9% again. Very nice, dude.
On top of that, the company all but promised even bigger dividends next year because of a policy change. Now that's what I like to hear!
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