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High yield investing is very interesting, especially in times of low interest rates. The royal class of high yield investing is to trade stocks with very high yields (double-digit yields). For a trader, it is still an attractive opportunity to buy short term before the next ex-dividend date. If you own a stock before this date, you get the next dividend payment. In the case of a double-digit annual yield, you should expect at least 2.5 percent cash. I screened my database by stocks with a very high yield (more than 10%) as well as ex-dividend date within the upcoming week (August 27 - September 02). Exactly 10 stocks fulfilled the mentioned criteria. These are the detailed results:

1. Life Partners Holdings (NASDAQ:LPHI) has a market capitalization of $35.24 million. The company generates revenue of $32.92 million and has a net income of $-3.12 million. The firm's EBITDA amounts to $-5.47 million. The EBITDA margin is -16.62% (operating margin -17.42% and net profit margin -9.49%).

The company has no long-term debt. Last fiscal year, a return on equity of -6.62% was realized. Twelve trailing months earnings per share reached a value of $-0.07. Last fiscal year, the company paid $0.70 in form of dividends to shareholders. The ex-dividend date is August 29, 2012.

Here are the price ratios of the company: The P/E ratio is not calculable, Price/Sales 1.07 and Price/Book ratio 0.90. Dividend Yield: 21.16%. The beta ratio is 0.60.

2. Highway Holdings (NASDAQ:HIHO) has a market capitalization of $7.49 million. The company generates revenue of $25.37 million and has a net income of $0.18 million. The firm's EBITDA amounts to $0.90 million. The EBITDA margin is 3.55% (operating margin 0.91% and net profit margin 0.73%).

The total debt represents 2.27% of the company's assets and the total debt in relation to the equity amounts to 3.14%. Last fiscal year, a return on equity of 1.50% was realized. Twelve trailing months earnings per share reached a value of $-0.02. Last fiscal year, the company paid $0.20 in form of dividends to shareholders. The ex-dividend date is August 29, 2012.

Here are the price ratios of the company: The P/E ratio is not calculable, Price/Sales 0.30 and Price/Book ratio 0.62. Dividend Yield: 18.18%. The beta ratio is 1.69.

3. Hugoton Royalty Trust (NYSE:HGT) has a market capitalization of $267.60 million. The company generates revenue of $56.57 million and has a net income of $55.76 million. The firm's EBITDA amounts to $55.76 million. The EBITDA margin is 98.58% (operating margin 98.58% and net profit margin 98.58%).

The company has no long-term debt. Last fiscal year, a return on equity of 46.40% was realized. Twelve trailing months earnings per share reached a value of $1.12. Last fiscal year, the company paid $1.39 in form of dividends to shareholders. The ex-dividend date is August 29, 2012.

Here are the price ratios of the company: The P/E ratio is 5.97, Price/Sales 4.73 and Price/Book ratio 2.32. Dividend Yield: 13.73%. The beta ratio is 0.83.

4. Ellington Financial (NYSE:EFC) has a market capitalization of $370.32 million. The company generates revenue of $63.54 million and has a net income of $10.33 million. The firm's EBITDA amounts to $51.34 million. The EBITDA margin is 80.80% (operating margin 70.34% and net profit margin 16.25%).

The total debt represents 1.37% of the company's assets and the total debt in relation to the equity amounts to 7.29%. Last fiscal year, a return on equity of 2.67% was realized. Twelve trailing months earnings per share reached a value of $2.63. Last fiscal year, the company paid $1.60 in form of dividends to shareholders. The ex-dividend date is August 29, 2012.

Here are the price ratios of the company: The P/E ratio is 8.54, Price/Sales 7.07 and Price/Book ratio 1.00. Dividend Yield: 12.44%. The beta ratio is not calculable.

5. Roundy's (NYSE:RNDY) has a market capitalization of $354.29 million. The company generates revenue of $3,841.98 million and has a net income of $48.05 million. The firm's EBITDA amounts to $231.51 million. The EBITDA margin is 6.03% (operating margin 2.03% and net profit margin 1.25%).

The total debt represents 54.22% of the company's assets and the total debt in relation to the equity amounts to 462.90%. Last fiscal year, a return on equity of 26.38% was realized. Twelve trailing months earnings per share reached a value of $0.94. Last fiscal year, the company paid $0.00 in form of dividends to shareholders. The ex-dividend date is August 28, 2012.

Here are the price ratios of the company: The P/E ratio is 8.25, Price/Sales 0.09 and Price/Book ratio 1.83. Dividend Yield: 11.86%. The beta ratio is not calculable.

6. Full Circle Capital (NASDAQ:FULL) has a market capitalization of $50.00 million. The company generates revenue of $7.96 million and has a net income of $2.88 million. The firm's EBITDA amounts to $4.33 million. The EBITDA margin is 54.45% (operating margin 54.45% and net profit margin 36.21%).

The total debt represents 3.85% of the company's assets and the total debt in relation to the equity amounts to 6.03%. Last fiscal year, a return on equity of 10.21% was realized. Twelve trailing months earnings per share reached a value of $0.67. Last fiscal year, the company paid $0.75 in form of dividends to shareholders. The ex-dividend date is August 29, 2012.

Here are the price ratios of the company: The P/E ratio is 12.07, Price/Sales 6.28 and Price/Book ratio 0.89. Dividend Yield: 11.49%. The beta ratio is not calculable.

7. Knightsbridge Tankers (NASDAQ:VLCCF) has a market capitalization of $162.19 million. The company generates revenue of $94.52 million and has a net income of $32.65 million. The firm's EBITDA amounts to $60.97 million. The EBITDA margin is 64.51% (operating margin 40.43% and net profit margin 34.55%).

The total debt represents 29.50% of the company's assets and the total debt in relation to the equity amounts to 42.71%. Last fiscal year, a return on equity of 8.87% was realized. Twelve trailing months earnings per share reached a value of $1.27. Last fiscal year, the company paid $2.00 in form of dividends to shareholders. The ex-dividend date is August 28, 2012.

Here are the price ratios of the company: The P/E ratio is 5.23, Price/Sales 1.72 and Price/Book ratio 0.45. Dividend Yield: 10.54%. The beta ratio is 0.91.

8. Prospect Capital (NASDAQ:PSEC) has a market capitalization of $1.93 billion. The company generates revenue of $320.91 million and has a net income of $190.90 million. The firm's EBITDA amounts to $225.22 million. The EBITDA margin is 70.18% (operating margin 58.17% and net profit margin 59.49%).

The total debt represents 29.45% of the company's assets and the total debt in relation to the equity amounts to 43.93%. Last fiscal year, a return on equity of 14.54% was realized. Twelve trailing months earnings per share reached a value of $1.78. Last fiscal year, the company paid $1.22 in form of dividends to shareholders. The ex-dividend date is August 29, 2012.

Here are the price ratios of the company: The P/E ratio is 6.50, Price/Sales 6.00 and Price/Book ratio 1.07. Dividend Yield: 10.53%. The beta ratio is 0.79.

9. Dominion Resources Black Warrior Trust (NYSE:DOM) has a market capitalization of $48.43 million. The company generates revenue of $8.36 million and has a net income of $7.36 million. The firm's EBITDA amounts to $10.11 million. The EBITDA margin is 120.89% (operating margin 88.05% and net profit margin 88.05%).

The company has no long-term debt. Last fiscal year, a return on equity of 48.14% was realized. Twelve trailing months earnings per share reached a value of $0.78. Last fiscal year, the company paid $0.94 in form of dividends to shareholders. The ex-dividend date is August 27, 2012.

Here are the price ratios of the company: The P/E ratio is 7.87, Price/Sales 5.79 and Price/Book ratio 3.48. Dividend Yield: 10.20%. The beta ratio is 0.65.

10. Partner Communications (NASDAQ:PTNR) has a market capitalization of $645.93 million. The company generates revenue of $1,741.66 million and has a net income of $110.25 million. The firm's EBITDA amounts to $416.63 million. The EBITDA margin is 23.92% (operating margin 13.30% and net profit margin 6.33%).

The total debt represents 72.96% of the company's assets and the total debt in relation to the equity amounts to 1,216.71%. Last fiscal year, a return on equity of 84.30% was realized. Twelve trailing months earnings per share reached a value of $0.40. Last fiscal year, the company paid $0.56 in form of dividends to shareholders. The ex-dividend date is August 27, 2012.

Here are the price ratios of the company: The P/E ratio is 10.39, Price/Sales 0.36 and Price/Book ratio 6.11. Dividend Yield: 28.15%. The beta ratio is 0.93.

Source: 10 Stocks With Yields Over 10% Go Ex-Dividend Next Week