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These Mega-Dividends Shell Out Up To 19% … But Are They Safe?

Most double-digit dividend stocks are “cheap for a reason.” These are dogs dressed up as dividend payers. But the payouts are often in danger. Which means price stability is equally dicey. Which is why we often say no thanks to these mega-headline yields.

That said, we’re not going to say no simply because a stock has a big dividend. Some of our favorite historical plays have been underappreciated 10%+ yields. It’s rare. But it happens.

Today we’ll consider a nine-pack of dividend stocks that averages a terrific 13.8% annual yield. If secure, these payouts will fund a heck of a retirement party.

This post originally appeared at Contrarian Outlook.