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It has been a particularly fun investing environment lately, as every day seems to bring another headline predicting either fire and brimstone or financial Nirvana. While it may be tempting to focus on the crisis du jour, investors would be wise to ignore the wild market gyrations and focus on what really matters: earnings. Companies that are growing their earnings and boosting their dividends will be rewarded for their profitability – eventually. In the meantime, enjoy the juicy yields.

So, for dividend investors with a calm hand, cool head and long-term focus, I present the following list of five high-yield stocks with strong projected earnings growth.

Eagle Rock Energy Partners LP (NASDAQ:EROC)

Eagle Rock Energy Partners is a master limited partnership that owns oil and gas producing properties and has interests in midstream and upstream energy infrastructure. Stock investing is all about looking to the future, which is good for Eagle Rock as the past isn’t too pretty: the relatively small MLP got crushed in the Great Recession and slashed its distribution to almost zero. Since then, this energy stock has been a great comeback story: they successfully completed a recapitalization plan in 2009, bought out their general partner in 2010 and acquired Crow Creek in 2011.

The distribution is rapidly growing – up some 700% year over year – and the company is projected to grow EPS by 20% annualized over the next five years. This can be used to fund a much larger distribution in the future. Investors should take a serious look at this one before Eagle Rock’s recovery is complete and the stock price gets away from them.

EROC Key Metrics

Dividend Yield

7.4%

Dividend Payout Ratio

N/A

5 Year Annualized Dividend Growth

-25%

5 Year Annualized Total Return

-4.5%

Projected EPS Growth

20%

Southern Copper Company Co (NYSE:SCCO)

Southern Copper Company, one of the world’s largest copper companies, has had a rough year. It has faced protests, production problems and the election of a new Peruvian president, who had mused about nationalizing the mining sector. Oh, and their principle commodity has fallen over 20% from its peak this year. So it’s no surprise that Southern Copper is down over 35% this year as the market factors in a heightened political risk premium and the possibility of a dividend cut due to lower copper prices.

This stock price beat-down could be an attractive entry point for any long term investor with the intestinal fortitude to handle the volatility. SCCO is projected to double their copper output by 2015, and is projected to grow earnings per share by over 15% annualized over the next five years. Both the share price and dividend is highly volatile, but the stock has rewarded investors handsomely over the long run and should continue to do so in the future.

SCCO Key Metrics

Dividend Yield

9.1%

Dividend Payout Ratio

81%

5 Year Annualized Dividend Growth

-4.3%

5 Year Annualized Total Return

16.7%

Projected EPS Growth

15%

Nucor Corp (NYSE:NUE)

Nucor Corp is the largest U.S. steel company by production and a Dividend Champion. This fine company has increased its dividend every year for 38 straight years. The five-year annualized dividend growth rate has been a very impressive 36%. And for all this, the stock price is down about 4% over five years. Bear markets are cruel.

Like many cyclicals, Nucor has struggled since the great recession as demand for its products has weakened. Still, the company has low debt and a large cash hoard; more importantly, it has the cash flow and revenue growth to continue raising its dividend. I suggest you ignore the market mayhem, purchase a high quality stock like Nucor Corp and allow its earnings growth to work for you.

NUE Key Metrics

Dividend Yield

3.6%

Dividend Payout Ratio

74%

5 Year Annualized Dividend Growth

36%

5 Year Annualized Total Return

-4.8%

Projected EPS Growth

39%

Seagate Technologies (NASDAQ:STX)

Seagate Technologies is a global manufacturer of computer hard drives. The last five years have not been kind to the stock price, but if we ignore the market’s seemingly random gyrations, we find that this corporation has done what every company is supposed to do: increase earnings and grow its dividend. One dividend cut during the Great Recession aside, Seagate has steadily grown its dividend and boasts an extremely impressive five year dividend growth rate of 80%. With a conservative payout ratio of 33% and projected double-digit earnings growth, there is much more room for that dividend to grow.

STX Key Metrics

Dividend Yield

4.5%

Dividend Payout Ratio

33%

5 Year Annualized Dividend Growth

80%

5 Year Annualized Total Return

-7%

Projected EPS Growth

18%

CTC Media (OTC:CTCC)

Finally, investors should take a look at CTC Media, which is the largest privately owned media company in Russia. CTC Media is posting impressive growth as they own three television networks in Russia and are currently eyeing expansion into former Soviet states such as Ukraine. CTCM’s PEG ratio of 15 is dirt cheap, especially considering its historical EPS growth rate of 20% and gross margins of over 90%.

This high-yield, high-growth play comes to you courtesy of a third factor: high risk. The stock is highly volatile and has been crushed in market downturns, and the industry-specific risk is significant: being the largest private broadcaster means CTC Media competes with state-owned media. Given how Russia fails to embrace the free market, how comfortable would you feel owning a private media company? Still, investors with a bit of risk capital who are looking for high yield stocks should consider this high-risk, high-reward play.

CTCM Key Metrics

Dividend Yield

8.8%

Dividend Payout Ratio

96%

5 Year Annualized Dividend Growth

N/A

5 Year Annualized Total Return

N/A

Projected EPS Growth

33%

Source: 5 High-Yield Stocks With Impressive Earnings Growth