TheStreet Ratings' stock model projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Our Buy, Hold or Sell ratings designate how we expect these stocks to perform against a general benchmark of the equities market and interest rates.

While plenty of high-yield opportunities exist, investors must always consider the safety of their dividend and the total return potential of their investment. It is not uncommon for a struggling company to suspend high-yielding dividends which could subsequently result in precipitous share price declines.

TheStreet Ratings' stock rating model views dividends favorably, but not so much that other factors are disregarded. Our model gauges the relationship between risk and reward in several ways, including: the pricing drawdown as compared to potential profit volatility, i.e. how much one is willing to risk in order to earn profits?; the level of acceptable volatility for highly performing stocks; the current valuation as compared to projected earnings growth; and the financial strength of the underlying company as compared to its stock's valuation as compared to its stock's performance.

These and many more derived observations are then combined, ranked, weighted, and scenario-tested to create a more complete analysis. The result is a systematic and disciplined method of selecting stocks. As always, stock ratings should not be treated as gospel — rather, use them as a starting point for your own research.

The following pages contain our analysis of 3 stocks with substantial yields, that ultimately, we have rated "Buy."

Global Partners

Dividend Yield: 9.20%

Global Partners

(NYSE:

GLP

) shares currently have a dividend yield of 9.20%.

Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers in the New England states and New York. The company has a P/E ratio of 10.65.

The average volume for Global Partners has been 168,300 shares per day over the past 30 days. Global Partners has a market cap of $937.3 million and is part of the wholesale industry. Shares are down 7.4% year-to-date as of the close of trading on Thursday.

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TheStreet Ratings rates

Global Partners

as a

buy

. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • GLP, with its decline in revenue, slightly underperformed the industry average of 37.8%. Since the same quarter one year prior, revenues fell by 41.8%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • GLOBAL PARTNERS LP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, GLOBAL PARTNERS LP increased its bottom line by earning $3.96 versus $1.43 in the prior year. For the next year, the market is expecting a contraction of 50.5% in earnings ($1.96 versus $3.96).
  • The gross profit margin for GLOBAL PARTNERS LP is currently extremely low, coming in at 6.43%. Regardless of GLP's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 1.02% trails the industry average.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 26.37%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 54.67% compared to the year-earlier quarter. Looking ahead, the stock's sharp decline over the past year may have been what was needed in order to bring its value into alignment with its fundamentals and others in its industry.

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TCP Capital

Dividend Yield: 9.40%

TCP Capital

(NASDAQ:

TCPC

) shares currently have a dividend yield of 9.40%.

TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States. The company has a P/E ratio of 9.85.

The average volume for TCP Capital has been 160,600 shares per day over the past 30 days. TCP Capital has a market cap of $747.6 million and is part of the financial services industry. Shares are down 8.5% year-to-date as of the close of trading on Thursday.

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TheStreet Ratings rates

TheStreet Recommends

TCP Capital

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 5.0%. Since the same quarter one year prior, revenues rose by 44.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Capital Markets industry average. The net income increased by 2.2% when compared to the same quarter one year prior, going from $18.45 million to $18.86 million.
  • The gross profit margin for TCP CAPITAL CORP is currently very high, coming in at 81.43%. Regardless of TCPC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, TCPC's net profit margin of 57.45% significantly outperformed against the industry.
  • Net operating cash flow has increased to -$37.51 million or 14.12% when compared to the same quarter last year. Despite an increase in cash flow of 14.12%, TCP CAPITAL CORP is still growing at a significantly lower rate than the industry average of 135.40%.
  • TCP CAPITAL CORP's earnings per share declined by 24.0% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past two years. However, we anticipate this trend to reverse over the coming year. During the past fiscal year, TCP CAPITAL CORP reported lower earnings of $0.96 versus $1.94 in the prior year. This year, the market expects an improvement in earnings ($1.56 versus $0.96).

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Grupo Aeroportuario del Centro Norte SAB de

Dividend Yield: 7.10%

Grupo Aeroportuario del Centro Norte SAB de

(NASDAQ:

OMAB

) shares currently have a dividend yield of 7.10%.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., through its subsidiaries, develops, operates, and maintains airports in Mexico. It also operates NH T2 Hotel in Terminal 2 of the Mexico City International Airport. The company has a P/E ratio of 23.20.

The average volume for Grupo Aeroportuario del Centro Norte SAB de has been 56,500 shares per day over the past 30 days. Grupo Aeroportuario del Centro Norte SAB de has a market cap of $2.1 billion and is part of the transportation industry. Shares are up 16.7% year-to-date as of the close of trading on Thursday.

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TheStreet Ratings rates

Grupo Aeroportuario del Centro Norte SAB de

as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Transportation Infrastructure industry average. The net income increased by 3.0% when compared to the same quarter one year prior, going from $16.64 million to $17.13 million.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 32.33% over the past year, a rise that has exceeded that of the S&P 500 Index. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • OMAB's debt-to-equity ratio of 0.90 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 2.71 is very high and demonstrates very strong liquidity.
  • The gross profit margin for GRUPO AEROPORTUARIO DEL CENT is rather high; currently it is at 62.01%. Regardless of OMAB's high profit margin, it has managed to decrease from the same period last year.
  • GRUPO AEROPORTUARIO DEL CENT's earnings per share improvement from the most recent quarter was slightly positive. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, GRUPO AEROPORTUARIO DEL CENT reported lower earnings of $1.40 versus $1.84 in the prior year. This year, the market expects an improvement in earnings ($1.57 versus $1.40).

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