NEW YORK, NY--(Marketwire -03/07/12)- With the Dow Jones Industrial Average surging in the early stages of 2012 and investors taking on more risk, dividend paying stocks have lagged the market this year. The SPDR S&P Dividend ETF (SDY) is up less than 4 percent year to date -- lagging the DOW by more than 40 percent. The Paragon Report examines the outlook for high yielding dividend paying companies and provides equity research on3M Co. (NYSE: MMM - News) & Prospect Capital Corporation (NASDAQ: PSEC - News). Access to the full company reports can be found at:
3M Company operates as a diversified technology company worldwide. The company presently pays an annual dividend of $2.36 per share for a yield of around 2.7 percent. 3M posted total revenue of $29.6 billion in fiscal 2011, an increase of 11.1% year over year. Sales in the year were driven by growth in five out of six business segments of the company.
Earlier this month 3M introduced a new liquid cleaner/degreaser made from environmentally friendly, bio-based raw materials: 3M Adhesive Remover - Renew. Made with 60 percent renewable materials, 3M Adhesive Remover - Renew "provides a new option for effective adhesive removal," the company stated in a press release.
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Prospect Capital Corporation is a business development company. It is a private equity firm specializing in late venture, middle market, mature, mezzanine finance, buyouts, recapitalizations, growth capital, development, and bridge transactions. The company currently pays an annual dividend of $1.22 per share for a yield of around 11.4 percent.
Last month, Prospect Capital Corporation announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock at a price to the public of $10.95 per share.
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