Investing in high dividend stocks is one of the best dividend investing strategies. At the present time, investing has become a passion for every investor. The firms that generally pay high dividends are quite mature, profitable and stable. They also pay out high dividends simply because they have too much cash flow and few positive net percent value investment possibilities.
Watch these high dividend stocks that also have high yield. These stocks can be a good investment for you.
Mesabi Trust (NYSE: MSB)
Mesabi Trust is a royalty trust. It was organized to derive home from an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The Agreement of Trust prohibits the trust form engaging in any business other than the collection and distribution of royalties and payment of expenses. The lessee/operator of Mesabi Trust's mineral interest is North shore Mining Corporation, a subsidiary of Cliffs Natural Resources Inc. Cliffs is a producer of iron ore products. Mesabi Trust holds all of the interest formerly owned by Mesabi Iron Company.
It has a market capitalization of 243.51 Million, EPS is 2.25, P/E ratio is 8.26 and the dividend yield is 12.61% at the annual dividend payout of 0.08.
Legg Mason BW Global Income Opptys Fund (NYSE: BWG)
Legg Mason BW Global Income Opportunities Fund Inc. is a non-diversified, closed-end management investment company. Its main investment objective is to provide current income. As a secondary investment objective, the fund will seek capital appreciation. The fund seeks to achieve its investment objective by investing at least 80% of its Managed Assets in global fixed-income securities. These include sovereign debt of developed and emerging market countries, the United States and non-the United States corporate debt and among others.
It has a market capitalization of 368.42 Million, EPS is 2.54, P/E ratio is 6.90 and the dividend yield is 8.24% at the annual dividend payout of 0.12.
H&Q Healthcare Investors (NYSE: HQH)
It is a diversified closed-end management investment company. The fund's investment objective is to provide long-term capital appreciation through investment in the companies of healthcare industry. It may also inter into option contracts in order to hedge against adverse price movements in the value of portfolio assets. The fund invests mainly in the securities of private and public companies. Hambrecht & Quist Capital Management LLC serves as the Fund's investment adviser.
The company has a market capitalization of 580.80 Million, EPS is 4.45, P/E ratio is 4.80 and the dividend yield is 7.86% at the annual dividend payout of 0.42.
Marine petroleum trust (NASDAQ: MARPS)
It is a royalty trust. The company was organized for the sale purpose of providing means for the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, pursuant to license agreements and amendments thereto between the Company's predecessors and Gulf Oil Corporation. Revenues from overriding royalties are paid to the company either on the basis of the selling price of oil, natural gas and other mineral produced, saved and sold, or at the value at the wellhead as determined by industry standards.
The company has a market capitalization of 33.66 Million, EPS is 1.51, P/E ratio is 11.18 and the dividend yield is 8.36% at the annual dividend payout of 0.39.
Cedar Fair, L.P. (NYSE: FUN)
The company along with its affiliated companies is an amusement park operator, which owns 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. The company is a limited partnership managed by Cedar Fair Management, Inc. the amusement parks include Cedar Point, located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio, Canada's Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom, located near Allentown in south Whitehall Township and among others.
It has a market capitalization of 2.18 Billion, EPS is 1.03, P/E ratio is 37.81 and the dividend yield is 6.39% at the annual dividend payout of 0.62.