Top 10 Highest-Yielding Nasdaq Stocks

Many investors, when looking for income stocks, automatically go to the New York Stock Exchange. Although there are a lot of NYSE stocks with high yields, such as the oil income trusts, plenty of high-dividend-paying stocks can be found on the Nasdaq as well.

With that in mind, we have put together a portfolio of the top 10 Highest-Yielding Nasdaq Stocks on Stockpickr.com.

For example, MCG Capital(MCGC Quote), an investment company that trades on the Nasdaq, yields 11% and pays its dividends quarterly. MCG invests in small- to medium-sized companies through acquisitions, financings and leveraged buyouts. The stock has a price-to-earnings ratio of 8.4 and a P/E-to-growth ratio of 1.18.

MCG was recently added to the portfolio of James Small-Cap (JASCX), a fund with a five-star Morningstar rating that specializes in small-cap companies. Its average annual return is 16.6% over the last three years.

The James fund owns several other dividend-paying stocks, including two natural gas companies: Copano Energy(CPNO Quote), which yields 3.8% and has a P/E of 22, and Southwest Gas(SWX Quote), which offers a yield of 2.6%, a P/E of 15.1 and a PEG of 3.31.

Another Nasdaq high-yielder is USA Mobility(USMO Quote), a company that provides wireless communications services to the health care industry and to government agencies. The stock yields 10.6% and has a P/E of 18. Its latest quarterly earnings showed 6.2% growth.