Veolia's income fell 10% in 2011, to $2.37 billion from $2.5 billion a year earlier, but analysts think improvements to the balance sheet and investments in growth areas could drive 80% growth in income next year and 16% growth in each of the next five years.

Veolia shares are modestly valued at just 75% of book value, and the company appears committed to protecting its $1.47 annual dividend. The company has enough cash flow to cover the dividend more than five times over, and shares yield 10.7%.

2. Permian Basin Royalty Trust ( PBT)
Yield: 7%

Permian Basin Trust was created by Burlington Resources, which was subsequently purchased by ConocoPhillips ( COP) in 2006. This royalty trust offers great exposure to rising oil prices and low risk due to its focus on mature properties mainly from 34,205 acres in the Permian Basin of Texas, with oil contributing 63% of trust income and the remainder from natural gas.

Reserves are estimated at 6.2 million barrels of oil and 21.2 billion cubic feet of natural gas, and the trust has a 10-year remaining life. Distributions fell earlier this year, but not because of production or price declines. The reason was a charge against the trust's royalties taken by ConocoPhillips for overpayment in prior periods. Since monthly trust production is estimated, payout adjustments are sometimes made when actual production data become available.

Permian Basin units currently yield 6.7%. Monthly distributions generally track oil prices, and analysts expect rising oil prices to produce 10% yearly income gains for the trust.

3. Southern Copper ( SCCO)
Yield: 7%

Southern Copper is a leading copper producer and has the world's largest copper reserves. The value of these shares change with copper prices.

Demand for copper, which is used in electronics and industrial processes, should grow at a healthy clip as world consumption rebounds. Copper prices have fallen in 2012 but are still 50% higher than five years ago, and a lack of new world-class discoveries should push prices steadily higher.

The company returned its Buenavista Mine to full capacity last year, which resulted in 23% higher production in 2011. Southern Copper targets a 9% increase to 640,000 tons this year. Income rose 50% to an all-time high of $2.3 billion last year, and analysts look for 11% yearly earnings growth during the next five years.

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