High-Yield Stocks You've Never Heard Of

With the high volatility in the stock market recently, many investors are turning to high-dividend stocks. There are lots of well-known companies that pay superior dividends, but many investors often overlook some of the unknown names, which can offer both high yields and growth potential.

Fortunately, Stockpickr has put together a portfolio of unknown high-yield stocks called Even More High-Yield Stocks You've Never Heard Of.

One of the highest-yielding stocks is Biovail(BVF Quote), which yields 12.5%. This pharmaceutical company formulates, manufactures and markets various drug products, including Wellbutrin XL for depression; Ultram ER for chronic pain; Zovirax Ointment for genital herpes; Cardizem LA for high blood pressure; Tiazac, Monocor and Vasotec for the treatment of hypertension; Retavase for thrombolytic therapy; Glumetza to control hyperglycemia; Ralivia for pain management; and Ativan for anxiety disorders.

Biovail has been paying dividends since 2005. The Food and Drug Administration recently approved the company's Aplenzin extended-release tablets for treating depression. The stock has a P/E of 10 and a PEG of 1.53.

Biovail is also owned by Aston/Optimum Mid Cap Fund, a capital appreciation total return fund managed by Thyra Zerhusen. The fund has had an average annual return of 14.47%. The fund also owns Chicago Bridge & Iron(CBI Quote), which yields 0.4%, and New York Times(NYT Quote), with a 4.6% yield.

Another high-yield stock is Tomkins(TKS Quote), which yields 9.2% and has been paying dividends twice a year for the last 16 years. This Britain-based engineering company manufactures drive belts, electromechanical drive systems, automotive hose and tubing products, tire pressure systems, automotive thermostats, axles, wheels, frames and trailers. The stock has a P/E of 11 and a PEG of 2.37.

Tomkins shows up in another Stockpickr portfolio, called Ken Fisher Forbes Picks. Fisher is the manager of Fisher Investments and is a Forbes columnist. He also likes Banco Macro(BMA Quote), with a yield of 2.2%, and Copa Holdings(CPA Quote), with a yield of 0.8%.

Windstream(WIN Quote) is another stock on the list, with a yield of 8.1%. This Arkansas-based company provides telecommunications services to rural communities throughout the United States, including telephone, high-speed Internet, long-distance and video and wireless services. Standard & Poor's raised its ratings outlook on the company to stable from negative. The stock has a P/E of 6 and a 2.76 PEG. It has paid quarterly dividends since March 2005.

Windstream is in the portfolio of the WisdomTree MidCap Dividend Fund, which attempts to provide returns that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree MidCap Dividend Index. The fund also owns Plum Creek Timber(PCL Quote), which yields 4%, and New York Community Bancorp(NYB Quote), yielding 5.3%.

For a complete list of the stocks in the Even More High-Yield Stocks You've Never Heard Of portfolio, go to Stockpickr.com.