3 Ultra-High-Yield Dividend Stocks That Are Scorching-Hot Buys in June

The silver lining amid this tumult is that stock market declines breed opportunity. Though timing the market can't be done with any consistency, buying high-quality stocks during significant dips and allowing your investment thesis to play out over time tends to be a winning strategy far more often than not. Despite large-cap tech stocks garnering seemingly all of Wall Street's focus at the moment, dividend stocks could be your safest avenue for steady returns. That's because income stocks tend to be profitable, time-tested, and have well-defined long-term growth outlooks.

But why settle for a run-of-the-mill dividend stock when you could have one that delivers an outsize payout? What follows are three ultra-high-yield dividend stocks, with yields ranging from 7.5% to 15.7%, which represent scorching-hot buys in June. These supercharged dividend stocks, with yields ranging from 7.5% to 15.7%, can seriously pad income-seekers' pocketbooks: Verizon Communications-7.54% yield, PennantPark Floating Rate Capital-11.41% yield and Alliance Resource Partners-15.71% yield.

Source: Motley Fool

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