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."

Cedar Fair

Dividend Yield: 5.60%

Cedar Fair

(NYSE:

FUN

) shares currently have a dividend yield of 5.60%.

Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada. As of February 17, 2016, the company operated approximately 11 amusement parks, 3 outdoor water parks, 1 indoor water park, and 5 hotels. The company has a P/E ratio of 29.58.

The average volume for Cedar Fair has been 257,500 shares per day over the past 30 days. Cedar Fair has a market cap of $3.3 billion and is part of the leisure industry. Shares are up 6.1% year-to-date as of the close of trading on Friday.

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TheStreet Ratings rates

Cedar Fair

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 11.5%. Since the same quarter one year prior, revenues slightly increased by 3.8%. 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 company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Hotels, Restaurants & Leisure industry and the overall market, CEDAR FAIR -LP's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • After a year of stock price fluctuations, the net result is that FUN's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • CEDAR FAIR -LP's earnings per share declined by 43.8% in the most recent quarter compared to the same quarter a year ago. 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, CEDAR FAIR -LP increased its bottom line by earning $1.98 versus $1.86 in the prior year. This year, the market expects an improvement in earnings ($3.41 versus $1.98).
  • 35.56% is the gross profit margin for CEDAR FAIR -LP which we consider to be strong. Regardless of FUN's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, FUN's net profit margin of -15.38% significantly underperformed when compared to the industry average.

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Barnes & Noble

Dividend Yield: 4.90%

Barnes & Noble

(NYSE:

BKS

) shares currently have a dividend yield of 4.90%.

Barnes & Noble, Inc. retails books, textbooks, magazines, newspapers, and other contents in the United States. The company has a P/E ratio of 29.43.

The average volume for Barnes & Noble has been 1,359,600 shares per day over the past 30 days. Barnes & Noble has a market cap of $923.2 million and is part of the specialty retail industry. Shares are up 40.1% year-to-date as of the close of trading on Friday.

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TheStreet Ratings rates

Barnes & Noble

as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, good cash flow from operations, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • BARNES & NOBLE INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BARNES & NOBLE INC continued to lose money by earning -$0.13 versus -$1.27 in the prior year. This year, the market expects an improvement in earnings ($0.20 versus -$0.13).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Specialty Retail industry average. The net income increased by 11.2% when compared to the same quarter one year prior, going from $72.17 million to $80.26 million.
  • Net operating cash flow has increased to $288.74 million or 46.45% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 7.94%.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • BKS, with its decline in revenue, underperformed when compared the industry average of 10.5%. Since the same quarter one year prior, revenues slightly dropped by 1.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

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Teekay Tankers

Dividend Yield: 13.10%

Teekay Tankers

(NYSE:

TNK

) shares currently have a dividend yield of 13.10%.

Teekay Tankers Ltd. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. The company has a P/E ratio of 2.72.

The average volume for Teekay Tankers has been 2,649,900 shares per day over the past 30 days. Teekay Tankers has a market cap of $560.8 million and is part of the transportation industry. Shares are down 46.8% year-to-date as of the close of trading on Friday.

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TheStreet Ratings rates

Teekay Tankers

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • TNK's very impressive revenue growth greatly exceeded the industry average of 34.6%. Since the same quarter one year prior, revenues leaped by 104.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. In comparison to the other companies in the Oil, Gas & Consumable Fuels industry and the overall market, TEEKAY TANKERS LTD's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 164.4% when compared to the same quarter one year prior, rising from $20.26 million to $53.56 million.
  • Net operating cash flow has significantly increased by 428.14% to $26.25 million when compared to the same quarter last year. In addition, TEEKAY TANKERS LTD has also vastly surpassed the industry average cash flow growth rate of -39.13%.
  • 47.46% is the gross profit margin for TEEKAY TANKERS LTD which we consider to be strong. Regardless of TNK's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, TNK's net profit margin of 34.55% significantly outperformed against the industry.

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