Dividend Stock #2: Och-Ziff Capital Management (OZM)
Filed under: Stocks to Buy
Dividend Yield: 15.9%
Market Cap: $1.2 billion
Och-Ziff Capital Management (OZM) is a publicly traded hedge fund and investment manager. The bull market has been very kind to this stock in the past year or so, and the results show in its bottom line.
In its latest earnings report in February, Och-Ziff said its assets ballooned by $500 million in the past six weeks with a total of $24 billion under management as of Feb. 1. The company's just paid a 58-cent quarterly dividend on Feb. 18 to shareholders of record on Dec. 31, and shows no sign of a cut anytime soon.
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Dividend Stock #2: Och-Ziff Capital Management (OZM) originally appeared on BloggingStocks on Sun, 14 Mar 2010 12:00:00 EST. Please see our terms for use of feeds.
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This post has 2 comments
March 15th, 2010
Frankly speaking I have never heard of Och-Ziff. Its phenomenol to note that their asset have balooned to $500 million. I am sure that they have taken some key internal steps to revive this change. Thanks
March 31st, 2010
OMG, $500 million is a giant boost for the business and I wanna know that what were the managerial decisions and steps taken by the company which led it to such a success.