These dividend stocks offer the potential to produce big-time income streams.
Dividend yields are historically low these days. The S&P 500 yields less than 1.2%, which is near its lowest level on record.
Despite this, not all stocks offer low yields. Here are three dividend stocks with mega yields as high as 13.4%. Though these ultra-high-yielders carry higher risk profiles, they could provide investors with substantial income in the coming year.
1. A sky-high dividend yield
Annaly Capital Management ( NLY 0.27% ) currently clocks in with a 13.4% dividend yield . That's high, even for a real estate investment trust ( REIT ) where the average yield is closer to 4%.
The company is a leader in residential mortgage financing. It invests in mortgage-backed securities ( MBSes