By: Michael E. Martinez

Provident Energy Trust (PVX) is a Canada based, open ended income trust that pays out a nice dividend every month. The trust invests in oil and gas assets as well as energy infrastructure assets. One of my main reason for highlighting this company is the 11 percent yield it pays out. I wouldn't recommend this stock if you expect the actual share price to go higher. The nice yield is paid regardless of performance of the stock month over month.

If you're looking for a nice dividend play or if you're a fixed income investor, this may be one of the best names out there for you. Provident Energy Trust and other high yielding Canadian trusts have been growing in popularity as of late, with the stock markets in the United States lagging the world, what else is there to do but look north?

Even if you hold on to this stock for just a year, you can make a substantial amount of dividend money either to reinvest or to use to buy other stocks with. Not all of my picks are going to rise in price, but just because a stock doesn't preform well doesn't mean it cant make you money.