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If you’re looking for some top yielding stocks due to the recent stock market “correction” then look no further than these 5 top yielding companies. These companies will surely fulfill your fixation on getting some cash money every three months.

The first is Terra Nitrogen (TNH). This whopper has a dividend of $15.00 right now that puts its yield around 9.40%. Sometimes investing in high yielders can be a bit risky because of non-attractive financials. However, TNH is a debt free company that looks as if it is primed to grow its sales and increase profit margins. It can be seen in the given chart that TNH is growing its revenues while lowering the cost of revenue for four consecutive quarters: a rare and great trend to see as an investor.

TNH

The next on our top yielders list is Encore Energy Partners (ENP). This stock is trading at $19.88 and sharing a dividend of $1.88, to give it an attractive yield of 10.20%. Although this is an attractive yield, be a bit careful and do your research on this one; it has $230 million of debt to deal with. That puts it leveraged at .258 to its market cap of $889 million.

Next, let’s change gears a bit and look at a dividend fund: Alpine Global Dynamic Dividend Fund (AGD). The fund employs a fundamental analysis with bottom up and top down stock picking approach, focusing on companies globally with potential for dividend increases and capital appreciation to create its portfolio. This one is a nice pick because of the decrease in risk an investment gets when it is diversified with multiple companies. This one is trading at roughly $6.00, giving it a dividend of 11.80% when it pays out $.72.

While we are on the fund path, let’s just stay on it and check out Fifth Street Finance Corp. (FSC). FSC is a specialty finance company that lends to and invests in small and mid-sized companies primarily in connection with investments by private equity sponsors. Their investment objective is to maximize their portfolio's total return by generating current income from their debt investments and capital appreciation their equity investments. Undoubtedly, it's an interesting business model. But let’s get to the good information. This stock is pushing out a $1.28 dividend per share. At the price of 8.97, that is a yield of 14%! Not too shabby.

As they say: last but not least, we will analyze Provident Energy (PVX). This company engages in the natural gas liquids infrastructure and marketing business in Canada and the United States. The stock is currently trading at $7.99 and has a nice dividend payout of .56 which equates to a yield of 7.20%. A nice plus to this stock is its price of $7.99 gives it another attractive feature: selling covered calls. Right now the September $8.00 calls are selling for $.32.

Here’s a hypothetical situation for this trade: For this we will assume that the stock trades below the $8.00 range for over a year (this will able us to sell covered calls all through the year. Given that the price may drop farther away from $8.00, let’s say that on average each month a call will sell for $.25. Now we’ll do some calculations:

.25 (cash taken in from selling covered calls) * 12 (months in a year) = $2.50 (total profit)

2.50 + dividends of .56 = $3.06

3.06 / 7.99 (stock price) = Brings us a yield of 38%

Source: 5 Top Dividend Yielders