6 Dividend Stocks Boasting Steroid Yields of 15% or More

By Larry Gellar In many ways, the idea behind dividend investing is similar to that of holding a bond – except you won’t get your principal back until you sell the equity. These stocks take that concept to a new level, each of them boasting dividend yields of over 15%. Invesco Mortgage Capital (IVR) – First on our list is Invesco, a mortgage REIT which boasts a rather meaty 19.7% dividend yield. Part of the reason this stock’s dividend yield is so high is because the stock price has taken quite a hit lately without a downward adjustment in the dividend. Essentially, Invesco’s problem is that without a resolution to the debt ceiling, the government will obviously not be financing the mortgage debt that Invesco buys. More information on that can be foundhere, but essentially rates for overnight repurchase agreements are skyrocketing. This makes financing costs for companies like Invesco significantly higher. When problems like these occur, one has to wonder if the struggling company can sustain the high dividend. Invesco should be able to though – the past 3 quarters have all seen positive cash flow. Although the main idea behind buying IVR would be for the dividends, it’s still worth…