Let's see, 50k. Suppose we divide that by five for a tad bit of diversification. Buying through Scottrade the commission would be $7 each, or $35 for the broker.
Great Northern Iron (GNI) closed at $78.80, so suppose we get roughly that price in the morning: 126 shares, plus commission, $9,935.80. GNI has about $4 per share in cash, about $7.38 per share in equity, and $13.55 in earnings per share -- and a dividend yield of around 9.2%.
Terra Nitrogen (TNH) closed at 126.83, so assuming approximate price tomorrow: 78 shares, plus commission, $9,899.74. TNH has about $8.28 in cash, 12.16 in equity, and 12.46 per share in earnings -- and a dividend yield of about 6.27%.
Northstar Realty Finance (NRF) closed at 3.26: 3,065 shares, plus commission, $9,998.90. NRF has 2.13 in cash (essentially 2/3 of the price of the stock is cash), 24.11 book value. and had earnings of 11.08 per share last year -- and a dividend yield of 12.62 from common sources.
EV Energy Partners (EVEP) closed at 19.01: 525 shares, plus commission, $9,987.25. EVEP has 3.20 in cash, 35.12 in equity, 10.93 in EPS -- 16.66% yield.
Thomson Reuters (TRIN) closed at 166.45: 60 shares, plus commission, $9,994.00. TRIN has 28.51 per share in cash, 158.14 per share in equity, and 10.92 EPS -- and a still respectable 4.34% yield (see what your bank would offer.
$49,815.69 leaves about $184.31 on account, until the dividends roll in. Not too shabby.