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Dividends are the best way to earn consistent money from your holdings. There are certain companies which have philosophy of sharing the profits of the company by rewarding stock holders with regular dividend payout. We bring three such top dividend stocks in focus – Mesa Royalty Trust (NYSE:MTR), OCI Partners LP (NYSE:OCIP), and Capstead Mortgage Corp. (NYSE: CMO).
Three Top Dividend Stocks to Buy
Mesa Royalty Trust (NYSE: MTR)
Mesa Royalty Trust has a consistent record of dividend payout over the years. The company is due for a dividend of $3.10 for which ex-date is March 27, 2014. The forward annual dividend yield for the stock works out to be 12.70%, which is slightly higher than the average yield over the past few years. The trailing annual dividend yield for MTR stock is 7.40%, and last five years' average dividend yield for the stock is 7.20%.
The stock performance over last year for MTR is not very impressive. It has largely remained stable and range-bound. The 52-week range for MTR is $20.08-$26.05. Despite the stock's lackluster performance over the last few years, the dividend yield has kept investors more than interested.
Capstead Mortgage Corp. (NYSE: CMO)
Capstead is a steady stock when it comes to dividend payout, and this makes it an attractive hold for many investors. The company has track record of rewarding investors with regular dividend payouts, placing it amongst top dividend stocks. The stock has a five-year average dividend yield of 12.60% and trailing one-year dividend yield of 9.60%. CMO has announced a dividend for 2014 as well, with a payout of $1.36 with ex-date being March 27, 2014. The dividend yield works out to be 10.50%, which is marginally better than last year.
Stock performance for Capstead Mortgage has been quite steady over the last year, trading in the range of $11.08-$13.28 over the last 52 weeks. However, the stock has not outperformed the key indices, which have performed well over the last one-year period. CMO makes up for its lackluster performance with its consistent dividend payout, generating regular income for the investors. If you like the CMO business in the long-term, then it makes sense to invest in this stock, as it is likely to continue generating regular income through the dividends as well.
OCI Partners LP (NYSE: OCIP)
OCI Partners LP stock doesn't have a long enough history to make a call on its dividend track record. However, in the first year alone, OCIP stock is showing signs that it could make it to the top dividend stocks list. The company has announced a dividend of $2.44 with ex-date of March 27, 2014.
This translates in to an impressive dividend yield of 10.50%, which is greater than the average dividend payout in the market. However, it remains to be seen if OCI Partners will continue to pay such an impressive dividend in future – if so, then it will be one of the stocks for investors who find OCI Partners attractive in the long-term, and wish to earn regular income through dividend payouts.
OCIP stock had seen good appreciation in 2013, but has corrected in 2014 so far. The 52-week range for OCI partners is $16.08-$28.73.