BOSTON ( TheStreet) -- Investors seeking fat dividends should consider the following stocks. Two are master-limited partnerships, or MLPs, and one is an oil royalty trust. They have unique legal structures and tax implications, but offer outsized payouts.
Quarter: Fourth-quarter profit fell 88% to $2 million, or 15 cents a unit. Full-year revenue halved to $662 million. The net margin declined to 3.2%. Martin Midstream holds $6 million of cash and $305 million of debt. During the past three years, the partnership has grown net income 15% annually, on average.
Performance: Martin Midstream Partners returned 141% in the past year, beating U.S. indices. It sells for a price-to-book ratio of 2.1 and a price-to-sales ratio of 0.7, discounts to peer-group averages. Of five analysts surveyed by Bloomberg, one recommends purchasing units and the remainder advise holding them. They offer a 9.4% distribution yield.