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


, 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


, 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.

Next up is

Vector Group

(VGR) - Get Vector Group Ltd. Report

, which yields 8.2% and has paid quarterly dividends for the past 15 years. This Miami-based cigarette manufacturer owns such brands as Liggett Select, Eve, Pyramid and USA. It also produces Quest, a low-nicotine cigarette. The stock has a price-to-earnings ratio of 21 and a P/E-to-growth (PEG) ratio of 1.7.

Vector's stock was recently added to the portfolio of

Steel Partners

TheStreet Recommends

, a San Francisco-based activist hedge fund with an excellent track record. Steel is known for getting its foot in the door at companies and loudly clamoring for change. It remains to be seen if it will do so with Vector, but the company's large dividend is probably keeping the fund at bay.

Coinmach Service


provides laundry equipment services to apartment buildings and designs and constructs laundromats. It has paid a dividend of $0.206 for the past six quarters and generates a 7.6% yield. The stock, which has a forward P/E of 65 and a PEG of 2.5, was recently added to the portfolio of

Wohl Capital


Southern Copper

( PCU), which is involved in the mining and milling of copper, molybdenum, zinc and silver, yields 7%. It has a P/E of 11.8, with a quarterly earnings increase of more than 30% year over year. The stock was recently added to the portfolios of

Zweig Dimenna Partners


Pequot Capital Management


Go to Stockpickr for the complete list of the

Top Dividend Stocks You've Never Heard Of


Other interesting dividend portfolios include:

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 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


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;

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