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If earnings are contracting and bond yields are contracting, investors have to find some income somewhere. Investors may want to take a look at the top 10% dividend paying stocks in the S&P 500 as worth for some of their cash.

Here are the top ten yields in the S&P 500. Underneath is the company's business summary, as provided by Yahoo! Finance.

Stock; Share Price; Est. Dividend;Yield %

Frontier Comm. (FTR); $7.64; $0.75; 9.82%

Frontier Communications Corporation provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.

Windstream (WIN); $11.37; $1.00; 8.80%

Windstream Corporation, together with its subsidiaries, provides various telecommunications services primarily in rural areas in the United States. It offers phone, high-speed Internet, and digital television services. The company also offers a range of Internet protocol based voice and data services, and advanced phone systems and equipment to businesses and government agencies.

CenturyLink (CTL); $36.24; $2.90; 8.00%

CenturyLink, Inc., together with its subsidiaries, operates as an integrated communications company. The company provides a range of communications services, including local and long distance voice, wholesale network access, high-speed Internet access, other data services, and video services in the continental United States.

Pitney-Bowes (PBI); $19.93; $1.475; 7.40%

Pitney Bowes Inc. provides mail processing equipment and integrated mail solutions in the United States and internationally. It offers a suite of equipment, supplies, software, and services for end-to-end mailstream solutions, which enable its customers to optimize the flow of physical and electronic mail, documents, and packages across their operations.

Diamond Offshore (DO); $62.26; $4.25; 6.83%

Diamond Offshore Drilling, Inc. operates as an offshore oil and gas drilling contractor worldwide. The company provides offshore drilling services in the deepwater, harsh environment, conventional semisubmersible, and jack-up markets to independent oil and gas companies and government-owned oil companies.

Verizon Comm. (VZ); $29.56; $1.96; 6.63%

Verizon Communications Inc. provides communication services in the United States and internationally. It operates in two segments, Wireline and Domestic Wireless. The Wireline segment provides voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, and long distance services to consumers, carriers, businesses, and government customers.

AT&T (T); $26.55; $1.7100; 6.44%

AT&T Inc. provides telecommunication products and services to consumers, businesses, and other telecommunication service providers under the AT&T brand worldwide. The company’s Wireless segment offers wireless voice communications services, including local wireless communications, long-distance, and roaming services with various postpaid and prepaid service plans.

Reynolds American (RAI); $56.53; $3.60; 6.37%

Reynolds American Inc., through its subsidiaries, manufactures and sells cigarette and other tobacco products in the United States. It offers cigarettes under the brand names of CAMEL, PALL MALL, WINSTON, KOOL, DORAL, SALEM, MISTY, and CAPRI; and cigarettes and other tobacco products under the NATURAL AMERICAN SPIRIT brand name, as well as manages various licensed brands, including DUNHILL and STATE EXPRESS 555.

Altria (MO); $22.44; $1.42; 6.33%

Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, wine, and other tobacco products in the United States and internationally.

Pepco Holdings (POM); $17.22; $1.08; 6.27%

Pepco Holdings, Inc. operates as a diversified energy company. It operates in two divisions, Power Delivery and Competitive Energy. The Power Delivery division engages in the transmission, distribution, and supply of electricity.

Disclosure: No positions

Source: Top 10 Dividend Yields in the S&P 500