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 "Hold."

Global Partners

Dividend Yield: 16.90%

Global Partners

(NYSE:

GLP

) shares currently have a dividend yield of 16.90%.

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 7.71.

The average volume for Global Partners has been 189,800 shares per day over the past 30 days. Global Partners has a market cap of $560.9 million and is part of the wholesale industry. Shares are down 48% year-to-date as of the close of trading on Tuesday.

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TheStreet Ratings rates

Global Partners

as a

hold

. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including generally higher debt management risk, weak operating cash flow and deteriorating net income.

Highlights from the ratings report include:

  • GLP, with its decline in revenue, slightly underperformed the industry average of 36.8%. Since the same quarter one year prior, revenues fell by 38.6%. 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 67.8% in earnings ($1.28 versus $3.96).
  • Currently the debt-to-equity ratio of 1.90 is quite high overall and when compared to the industry average, suggesting that the current management of debt levels should be re-evaluated. To add to this, GLP has a quick ratio of 0.68, this demonstrates the lack of ability of the company to cover short-term liquidity needs.
  • Net operating cash flow has significantly decreased to $51.84 million or 64.09% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.

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National American University Holdings

Dividend Yield: 8.90%

National American University Holdings

(NASDAQ:

NAUH

) shares currently have a dividend yield of 8.90%.

National American University Holdings, Inc. owns and operates National American University (NAU) that provides postsecondary education services primarily for working adults and other non-traditional students in the United States. The company operates through two segments, NAU and Other. The company has a P/E ratio of 15.54.

The average volume for National American University Holdings has been 24,000 shares per day over the past 30 days. National American University Holdings has a market cap of $50.9 million and is part of the diversified services industry. Shares are down 21.5% year-to-date as of the close of trading on Tuesday.

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TheStreet Ratings rates

National American University Holdings

as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • NAUH's debt-to-equity ratio is very low at 0.24 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 3.65, which clearly demonstrates the ability to cover short-term cash needs.
  • The gross profit margin for NATIONAL AMERN UNIV HLDG INC is currently very high, coming in at 75.09%. Regardless of NAUH's high profit margin, it has managed to decrease from the same period last year.
  • Net operating cash flow has decreased to $8.32 million or 47.26% when compared to the same quarter last year. Despite a decrease in cash flow of 47.26%, NATIONAL AMERN UNIV HLDG INC is in line with the industry average cash flow growth rate of -53.21%.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Diversified Consumer Services industry and the overall market, NATIONAL AMERN UNIV HLDG INC's return on equity is below that of both the industry average and the S&P 500.

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Teekay LNG Partners

Dividend Yield: 20.00%

Teekay LNG Partners

(NYSE:

TGP

) shares currently have a dividend yield of 20.00%.

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company has a P/E ratio of 5.65.

The average volume for Teekay LNG Partners has been 546,300 shares per day over the past 30 days. Teekay LNG Partners has a market cap of $1.1 billion and is part of the transportation industry. Shares are down 69.2% year-to-date as of the close of trading on Tuesday.

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TheStreet Ratings rates

Teekay LNG Partners

as a

hold

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, generally higher debt management risk and disappointing return on equity.

Highlights from the ratings report include:

  • Net operating cash flow has significantly increased by 109.59% to $85.16 million when compared to the same quarter last year. In addition, TEEKAY LNG PARTNERS LP has also vastly surpassed the industry average cash flow growth rate of -26.85%.
  • The gross profit margin for TEEKAY LNG PARTNERS LP is currently very high, coming in at 75.05%. Regardless of TGP's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, TGP's net profit margin of 7.61% compares favorably to the industry average.
  • TEEKAY LNG 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. Earnings per share have declined over the last year. We anticipate that this should continue in the coming year. During the past fiscal year, TEEKAY LNG PARTNERS LP reported lower earnings of $2.30 versus $2.49 in the prior year. For the next year, the market is expecting a contraction of 18.3% in earnings ($1.88 versus $2.30).
  • The debt-to-equity ratio of 1.36 is relatively high when compared with the industry average, suggesting a need for better debt level management. To add to this, TGP has a quick ratio of 0.51, this demonstrates the lack of ability of the company to cover short-term liquidity needs.

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