Top Dividend Stocks You've Never Heard Of

Income investors are always looking for high-dividend stocks. While there are plenty of well-known companies that pay good dividends, it's easy to overlook some of the lesser-known names, which may offer just as much growth potential and even higher yields.

For that reason, we at Stockpickr have compiled a list of the Top Dividend Stocks You've Never Heard Of.

For example, there's USA Mobility(USMO Quote), a wireless communications company that yields 13.3%. The company paid $1.50 a share two years ago, paid $3.65 last year, and has paid $2.40 so far this year.

True, these payments are often couched as "one-time dividends" by the company because it does not want to be obligated to make future payments. But that said, it has been pretty consistent about those payments.

USA Mobility provides one-way and two-way wireless messaging services to the health care, government and emergency-response industry, an industry that Wall Street perceives as a dying one. However, the company keeps spinning off massive cash and has proved a healthy investment.

The stock is owned by Okumus Capital, founded by Ahmet Okumus, whose first hedge fund returned about 35% net per year since inception. Okumus -- who was featured in one of my all-time favorite investment books, Market Wizards: Interviews With Top Traders by Jack Schwager -- is known for his deep, deep value investing.

Then there's Fairpoint Communications(FRP Quote), a company that provides telephone and telecommunications services to small urban and rural communities, yields 9% and has paid $0.398 per quarter for the last eight quarters. The stock has a price-to-earnings ratio of 25.