For comparison, investing $200 into an S&P 500 index fund would only yield about $2.70 of annual dividend income, given its much lower yield (1.35%). Here's a look at what makes these three stocks such great options for income-seeking investors right now.

High-yield dividend stocks with attractive valuations allow investors to generate extra income. Read why these stocks also reduce portfolio volatility.

The recent inflation read came in below market expectations at 2.8%. This was seen as a positive sign, and most stocks opened higher. However, the recovery in these stocks is still on shaky ground. Dividend stocks with very high yields can be a much better bet if inflation unexpectedly trends significantly lower in the coming

A dividend yield of 3.72% might not excite you at the moment. But wait till you see how it grows and converts to in 10 years with this stock.