Even in the most popular index, you can find stocks yielding more than 7%.

You don't often find United Parcel Service ( UPS -0.52% ) , Conagra Brands ( CAG 1.81% ) , and LyondellBasell Industries ( LYB 2.06% ) in the same opening sentence. It's a first for me, for sure. They are very different companies in very different industries. However, they have two important things in common.

They all happen to be components of the S&P 500 ( ^GSPC -0.28% ) . That's a big fraternity of iconic stocks, but these three happen to be the only names in the popular index currently packing a yield north of 7.5%. These are the three highest-paying dividend stocks in the S&P 500. As tantalizing as it may seem to unearth high-yielding investments in the S&P 500, buckle up for

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