The good news: revenue declines have been fairly modest, and Pitney Bowes ( PBI) still throws off hefty free cash flow (which has never fallen below $350 million in any of the past four years. The better news: the sharp drop in the stock has pushed the dividend yield up to 13.5%. It's wise to assume that this dividend will no longer be boosted. In fact, it may be trimmed from the current $1.50 back to just $1. That still equates to a hefty 9% dividend yield.

Six Flags

Tough economic times have led to the advent of "staycations," which has been a helpful trend for this eponymously-named operator of theme parks. Revenue exceeded $1 billion for the first time in the company's history in 2011.

Yet Six Flags ( SIX) wasn't always a very appealing investment. This company once carried more than $2 billion in debt and had to be restructured through a bankruptcy process. Nowadays, management is paying off debt at a rapid pace, and the long-term debt has moved below $1 billion.

With debt concerns receding, management has begun to earmark Six Flags' considerable cash flow towards a dividend. The company recently hiked its quarterly payout, which translates into a 6.3% yield on an annualized basis.

Shares of Six Flags have staged an impressive rally since the company exited bankruptcy in 2010, so you shouldn't expect too much more stock upside in coming quarters. But that dividend payout appears to be rock solid, so you need not worry about any cuts to that juicy yield.

To see these stocks in action, visit the These 5 Tech Stocks Are Screaming Bargains portfolio.

RELATED LINKS:



Follow Stockpickr on Twitter and become a fan on Facebook.
Stockpickr is a wholly owned subsidiary of TheStreet.com.

If you liked this article you might like

How A Girl from India Came to Rule JPM's North America M&A Group

From the Marlboro Man to Vaping, Here Are the Events that Shaped Big Tobacco

Cramer: The Value of Overvalued Stocks

Bored With Cream and Sugar? You Can Now Add Weed to Your Morning Joe

There Are More Novel Ways of Delivering Nicotine: FDA