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Interested in gaining exposure to financial companies? Are you after stocks with high dividend yield? Do you prefer companies with strong profits? In search of companies that can manage their debt well? Interested in companies with minimal long term debt? You might like what we've put in our list.

Return on equity [ROE] is one way to identify great potential names relative to profitability. This ratio illustrates the percentage return on shareholder equity. As well, this metric segments the company into operational efficiency, asset use efficiency, and financial leverage. Why does this matter? Simply put, it allows investors to get a real picture of how the company is generating these returns and helps identify parts of the company that may be underperforming.

The operating profit margin is a profitability ratio that measures the effectiveness of the company's operating efficiency. This metric allows investors to see how much profit is left after all variable costs are covered. If the company's margin is increasing over time this means that it's earning more per dollar of sales. Finding trends in the operating profit margin helps investors identify companies that are improving profitability over time and managing the economic landscape better than competitors.

The debt/equity ratio illustrates how aggressively a company is financing its growth via debt. The more debt financing that is used in a capital structure, the more volatile earnings can become due to the additional interest expense. Should a company's potentially enhanced earnings fail to exceed the cost associated with debt financing over time, this can lead the company toward substantial trouble.

The long term debt/equity ratio illustrates how aggressively a company is financing its growth via debt. The more debt financing that is used in a capital structure, the more volatile earnings can become due to the additional interest expense. Should a company's potentially enhanced earnings fail to exceed the cost associated with debt financing over time, this can lead the company toward substantial trouble.

We first looked for financial stocks that have a high dividend yield (Div. Yield > 5%). We then screened for businesses that have been able to maintain a sound level of profitability for shareholders (ROE [TTM]>30%)(1-year operating margin>15%). Next, we then screened for businesses that operate with little to no debt (D/E ratio<.3). We next screened for businesses that operate with little to no long term debt (Long Term D/E Ratio<.1). We did not screen out any market caps.

Do you think these stocks have a strong outlook? Use our list along with your own analysis.

1) Sabine Royalty Trust (SBR)

Sector: Financial
Industry: Diversified Investments
Market Cap: $830.77M
Beta: 0.69

Sabine Royalty Trust has a dividend yield of 7.23%, payout ratio of 98.74%, return on equity of 1080.37%, operating profit margin of 96.49%, debt/equity ratio of 0.00 and long term debt/equity ratio of 0.00. The short interest was 0.09% as of 05/05/2012. Sabine Royalty Trust receives a distribution of royalty and mineral interests from Sabine Corporation. Its royalty and mineral interests, include landowner's royalties, overriding royalty interests, minerals, production payments, and other non-participatory interests in various producing and proved undeveloped oil and gas properties in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. The company was founded in 1982 and is based in Dallas, Texas.

2) (MTR)

Sector: Financial
Industry: Diversified Investments
Market Cap: $64.26M
Beta: 0.85

This company has a dividend yield of 8.53%, payout ratio of 100.00%, return on equity of 94.60%, operating profit margin of 97.69%, debt/equity ratio of 0.00 and long term debt/equity ratio of 0.00. The short interest was 0.08% as of 05/05/2012. Mesa Royalty Trust holds royalty interests in oil and gas producing properties in the United States. It has interests in properties located in the Hugoton field of Kansas; the San Juan Basin field of New Mexico and Colorado; and the Yellow Creek field of Wyoming. The company was founded in 1979 and is based in Austin, Texas.

3) North European Oil Royalty Trust (NRT)

Sector: Financial
Industry: Diversified Investments
Market Cap: $301.25M
Beta: 0.31

North European Oil Royalty Trust has a dividend yield of 8.36%, payout ratio of 99.24%, return on equity of 25455.77%, operating profit margin of 95.69%, debt/equity ratio of 0.00 and long term debt/equity ratio of 0.00. The short interest was 0.02% as of 05/05/2012. North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds these rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.

4) Dominion Resources Black Warrior Trust (DOM)

Sector: Financial
Industry: Diversified Investments
Market Cap: $71.91M
Beta: 0.60

Dominion Resources Black Warrior Trust has a dividend yield of 9.65%, payout ratio of 99.73%, return on equity of 48.14%, operating profit margin of 88.05%, debt/equity ratio of 0.00 and long term debt/equity ratio of 0.00. The short interest was 3.18% as of 05/05/2012. Dominion Resources Black Warrior Trust operates as a grantor trust in the United States. The company acquires and holds overriding royalty interests burdening proved natural gas properties located in the Pottsville coal formation of the Black Warrior Basin, Tuscaloosa county, Alabama, which are owned by Walter Black Warrior Basin LLC. As of December 31, 2010, its underlying properties comprise 34,212 gross acres of land that contained 532 gas producing wells.

5) Mesabi Trust (MSB)

Sector: Financial
Industry: Diversified Investments
Market Cap: $367.10M
Beta: 1.73

Mesabi Trust has a dividend yield of 9.10%, payout ratio of 99.87%, return on equity of 3291.93%, operating profit margin of 97.30%, debt/equity ratio of 0.00 and long term debt/equity ratio of 0.00. The short interest was 5.76% as of 05/05/2012. Mesabi Trust operates as grantor trust in the United States. It produces iron ore pellets. The company holds interests in various properties, including its interest as an assignor in the amended assignments of Peters Lease and Cloquet Lease, which together cover approximately 9,750 acres in St.

*Company profiles were sourced from Finviz.

Source: 5 High-Yield Financial Dividend Stocks With Strong Earnings, Manageable Debt Ratios