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Investors who are focused on income need to watch out for stocks with a high dividend yield. But it is not enough to select the best yielding stocks in order to fulfill the criteria of a good investment. You need to check out a variety of specialized dividend vehicles. Today, I am looking for exotic dividend vehicles that often pay double digit yields. Stocks such as Master Limited Partnerships (MLPs), Real Estate Investment Trusts (REITs), Closed End Funds, Energy Trusts and Shipping/Tanker companies are designed for big capital income. Here are four interesting investment vehicles to consider:

1. Annaly Capital Management (NYSE:NLY) has a market capitalization of $15.46 billion. The company invests primarily in mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures and other mortgage-backed securities. Like most REITs, it distributes at least 90 percent of its taxable income to its shareholders. The company employs 114 people, generates revenues of $2,683.13 million and has a net income of $1,267.28 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $1,349.56 million. Because of these figures, the EBITDA margin is 50.30 percent (operating margin 48.55 percent and the net profit margin finally 47.23 percent).

The total debt representing 79.92 percent of the company’s assets and the total debt in relation to the equity amounts to 669.88 percent. Due to the financial situation, the return on equity amounts to 13.11 percent. Finally, earnings per share amounts to $1.92 of which $2.65 were paid in form of dividends to shareholders last fiscal.

Here are the price ratios of the company: The P/E ratio is 8.31, Price/Sales 5.84 and Price/Book ratio 1.05. Dividend Yield: 14.86 percent. The beta ratio is 0.31.

2. Knightsbridge Tankers (NASDAQ:VLCCF) has a market capitalization of $357.84 million. The firm’s diversified shipping operations include the seaborne transportation of crude oil and dry bulk cargoes worldwide. Knightsbridge’s customers include large oil companies, tanker companies, dry bulk companies, petroleum products traders and even government agencies. Shares hit rough waters midway through the year, but in recent trading they’ve fought their way upstream. The company generates revenues of $95.90 million and has a net income of $38.56 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $62.73 million. Because of these figures, the EBITDA margin is 65.42 percent (operating margin 45.01 percent and the net profit margin finally 40.21 percent).

The total debt representing 29.03 percent of the company’s assets and the total debt in relation to the equity amounts to 41.86 percent. Due to the financial situation, the return on equity amounts to 12.53 percent. Finally, earnings per share amounts to $1.38 of which $1.70 were paid in form of dividends to shareholders last fiscal.

Here are the price ratios of the company: The P/E ratio is 10.59, Price/Sales 4.23 and Price/Book ratio 1.08. Dividend Yield: 12.05 percent. The beta ratio is 0.94.

3. Credit Suisse AM Income Fund (NYSEMKT:CIK) has a market capitalization of $178.47 million. CIK is a closed-ended fund that invests in the U.S. fixed-income market. Management invests in companies from a broad range of industries, and it does so with the specific goal of finding big dividends. The fund has a dividend yield 8.91 percent, so its mix of diversified dividend-paying holdings is certainly living up to its objective. The company employs 6 people, generates revenues of $17.15 million and has a net income of $24.63 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $15.78 million. Because of these figures, the EBITDA margin is 92.00 percent (operating margin 92.00 percent and the net profit margin finally 143.66 percent).

The total debt representing 0.00 percent of the company’s assets and the total debt in relation to the equity amounts to 0.00 percent. Due to the financial situation, the return on equity amounts to 13.59 percent. Finally, earnings per share amounts to $0.57 of which $0.35 were paid in form of dividends to shareholders last fiscal.

Here are the price ratios of the company: The P/E ratio is 6.23, Price/Sales 10.55 and Price/Book ratio 0.98. Dividend Yield: 8.79 percent. The beta ratio is 0.69.

4. Provident Energy (PVX) has a market capitalization of $2.43 billion. The company is in the natural gas liquids (NGLs) infrastructure and marketing business in both Canada and the United States. Provident’s operations include the extraction, processing, storage and transportation of NGLs. It also offers these services to third-party customers. Business in the natural gas space has boomed over the past year, and that’s helped PVX shares surge over 21 percent in the past 52 weeks. The company employs 200 people, generates revenues of $1,579.58 million and has a net income of $100.80 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $132.91 million. Because of these figures, the EBITDA margin is 8.41 percent (operating margin 4.00 percent and the net profit margin finally 6.38 percent).

The total debt representing 35.64 percent of the company’s assets and the total debt in relation to the equity amounts to 88.74 percent. Due to the financial situation, the return on equity amounts to 53.24 percent. Finally, earnings per share amounts to $0.51 of which $0.70 were paid in form of dividends to shareholders last fiscal.

Here are the price ratios of the company: The P/E ratio is 17.58, Price/Sales 1.60 and Price/Book ratio 4.56. Dividend Yield: 5.69 percent. The beta ratio is 1.34.

Source: 4 High Yield Income Vehicles To Consider