NEW YORK ( TheStreet) -- Dividend yields of 10% are hard enough for established public companies to pay out, let alone those that are just coming public.

But one company that is going public plans to offer such a dividend, as Francis Gaskins, research director at, discussed with TheStreet's Debra Borchardt.

OCI Resources plans to trade under the ticker symbol "OCIR" and is looking to raise $100 million in its public offering, with shares priced between $19 to $21.

The company's dividend is expected to yield around 10%, a rather lofty ratio. However, Gaskins said it's achievable for the 50-year-old company.

He added that it pays out a lot of cash and that a look at its 12-month projections makes it seem reasonable that the company can cover the minimum dividend payout, which would be about $39.9 million, based on a 10% yield.

Although Hi-Crush Partners ( HCLP) is a related company and yields less (8.1%), Gaskins said it's because OCI Resources likely has less growth potential, with plant capacity operations at 96% to 97%.

He concluded that the company will likely draw some strong interest from the retail investor and perhaps even some institutional investors as well.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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