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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Top 10 High-Yield Big-Cap Growth Picks

We now move on to Southern Copper (PCU), a Phoenix-based mining company with operations in Peru, Mexico and Chile. Its P/E is 12, and it pays a yield of 6.9%. The stock has paid dividends quarterly for the past 10 years.

Another attractive feature of this stock is that it is a holding of both Zweig Dimenna Partners and Pequot Capital Management. Other top holdings of Pequot include J.C. Penney (JCP) and Foster Wheeler (FWLT).

Finally, there's United Utilities (UU), a company that provides electricity, water and wastewater services in the Northwestern part of England. It has a P/E of 32, but its yield is 6%. Dividends have been paid twice a year for the last eight years.

United Utilities has been added to the portfolio of PowerShares Water Resources (PHO), an exchange-traded fund that tracks the Palisades Water index, which invests in the common stocks of companies in the water industry. PHO has returned 17% over the last year. Among its other components are Tetra Tech (TTEK) and Danaher (DHR).

United Utilities also makes the Stockpickr list of More High Yield Stocks You've Never Heard Of. All this makes it not a bad play to consider.

For the rest of the top 10 large-cap growers that pay, check out the Highest-Yielding Large-Cap Growth Stocks portfolio on Stockpickr.com.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of Trade Like a Hedge Fund and Trade Like Warren Buffett. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

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