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If you're an income investor, the following list might be an interesting starting point for your own analysis.

The following is a list of high dividend yield stocks that have enough cash to cover at least two quarters of their past year’s average quarterly operating expense.

We calculated the average quarterly operating expense over the last four quarters, and compared it with current cash holdings for each firm. All companies listed below have more than 2x cash for their avg. quarterly operating expense, translating into 2+ quarters of avg. operating expenses.

Considering the cash holdings of these firms, are these high dividend payments safe? Under this assumption, which of these names is worth a spot in your portfolio? See full details below.

Operating expenses and cash data from Google Finance, all other data from Finviz.



List sorted by Cash/Avg. Quarterly Operating Expenses.

1. NuStar GP Holdings, LLC (NYSE:NSH):
Oil & Gas Pipelines Industry. Market cap of $1.56B. Dividend yield 5.22%. Current cash holdings at $5.3M vs. average quarterly operating expenses over the last four quarters at $0.8M. Cash/Avg. Quarterly Operating Expenses at 6.67, i.e. the company can go 6.67 quarters without generating revenue and still cover the average quarterly operating costs. Relatively low correlation to the market (beta = 0.52), which may be appealing to risk averse investors. The stock has had a good month, gaining 24.53%.

2. Brookfield Infrastructure Partners L.P. (NYSE:BIP):
Electric Utilities Industry. Market cap of $2.60B. Dividend yield 5.39%. Current cash holdings at $154.0M vs. average quarterly operating expenses over the last four quarters at $27.5M. Cash/Avg. Quarterly Operating Expenses at 5.6, i.e. the company can go 5.6 quarters without generating revenue and still cover the average quarterly operating costs. The stock has had a couple of great days, gaining 7.17% over the last week.

3. Knightsbridge Tankers Limited (NASDAQ:VLCCF):
Shipping Industry. Market cap of $596.42M. Dividend yield 7.98%. Current cash holdings at $56.77M vs. average quarterly operating expenses over the last four quarters at $13.18M. Cash/Avg. Quarterly Operating Expenses at 4.31, i.e. the company can go 4.31 quarters without generating revenue and still cover the average quarterly operating costs. The stock has had a couple of great days, gaining 11.72% over the last week.

4. Medical Properties Trust Inc. (NYSE:MPW): REIT. Market cap of $1.29B. Dividend yield 6.94%. Current cash holdings at $98.41M vs. average quarterly operating expenses over the last four quarters at $23.75M. Cash/Avg. Quarterly Operating Expenses at 4.14, i.e. the company can go 4.14 quarters without generating revenue and still cover the average quarterly operating costs. The stock has had a couple of great days, gaining 11.08% over the last week.

5. Ship Finance International Limited (NYSE:SFL): Shipping Industry. Market cap of $1.65B. Dividend yield 7.29%. Current cash holdings at $86.97M vs. average quarterly operating expenses over the last four quarters at $24.06M. Cash/Avg. Quarterly Operating Expenses at 3.62, i.e. the company can go 3.62 quarters without generating revenue and still cover the average quarterly operating costs. It's been a rough couple of days for the stock, losing 6.8% over the last week.

6. Tsakos Energy Navigation Ltd. (NYSE:TNP)
: Shipping Industry. Market cap of $432.90M. Dividend yield 6.35%. Current cash holdings at $252.51M vs. average quarterly operating expenses over the last four quarters at $86.95M. Cash/Avg. Quarterly Operating Expenses at 2.9, i.e. the company can go 2.9 quarters without generating revenue and still cover the average quarterly operating costs. Relatively low correlation to the market (beta = 0.69), which may be appealing to risk averse investors. The stock has performed poorly over the last month, losing 25.18%.

7. SeaDrill Limited (NYSE:SDRL):
Oil & Gas Equipment & Services Industry. Market cap of $8.24B. Dividend yield 7.26%. Current cash holdings at $1,508.7M vs. average quarterly operating expenses over the last four quarters at $601.1M. Cash/Avg. Quarterly Operating Expenses at 2.51, i.e. the company can go 2.51 quarters without generating revenue and still cover the average quarterly operating costs. The stock has had a couple of great days, gaining 18.31% over the last week.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 7 High Yield Dividend Stocks With Enough Cash to Cover 2+ Quarters of Operating Expenses