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The Federal Reserve is really trying hard to make life unbearable for conservative investors. Ten-year bonds yield 1.96% and 30-year bonds yield 3.02%. Can anyone imagine investing in 30-year bonds? Investors can barely double their money in 30-years if they invest in 30-year bonds. Most probably the value of those dollars will be less than what they are worth today. Do you know how much consumer prices increased over the last 30 years? 140%. If prices follow a similar path over the next 30 years, bond investors would pretty much earn nothing in real terms. That's why investing in dividend stocks is a much better idea.

One alternative is to go for dividend stocks that yield more than 10%. Investors have to be careful about these stocks because high dividend yields may be a signal of serious trouble in the company or dividend yields may not be sustainable. We think the dividend stocks with large hedge fund positions are less likely to be problematic. Here are the six dividend monsters that yield more than 10%. Hedge fund holdings are obtained from Insider Monkey.

American Capital Agency Corp. (NASDAQ:AGNC) is a residential real-estate investment trust (REIT) with a $5.18 billion market cap. It pays a 19.85% dividend yield and has 37.84% institutional ownership. AGNC features a beta of 0.45, meaning it is less than half as risky as the market. Analysts give it a 2.1 on a scale in which 1.0 means "Strong Buy" and 5.0 means "Sell." It recently traded at $28.21 a share. Brian Jackelow's SAB Capital Management had almost 23% of its portfolio invested in AGNC at the end of the third quarter after increasing its holding in the company by +17% to $110.09 million. John Griffin's Blue Ridge Capital is also a fan. The fund initiated a new position in AGNC worth $54.20 million in the third quarter.

Eaton Vance Tax-Managed Global (NYSE:EXG) is a closed-end fund with a $2.58 billion market cap. It pays a 13.44% dividend yield and has 11.61% institutional ownership. EXG features a beta of 0.94, meaning it is about 6% less risky than the market. Analysts give it a 1.0 on a scale in which 1.0 means "Strong Buy" and 5.0 means "Sell." It recently traded at $8.46 a share. Cliff Asness' AQR Capital Management had over $3.59 million invested in EXG after increasing its holding in the company by +906% during the third quarter. Jason Gottlieb's Visium Asset Management also owned a position in EXG at the end of the third quarter.

Frontier Communications Corporation (NASDAQ:FTR) is a domestic telecom services with a $5.00 billion market cap. It pays a 14.94% dividend yield and has 46.30% institutional ownership. FTR features a beta of 0.76, meaning it is about one-quarter as risky as the market. Analysts give it a 2.6 on a scale in which 1.0 means "Strong Buy" and 5.0 means "Sell." It recently traded at $5.02 a share. Prem Watsa's Fairfax Financial Holdings had roughly 5.54% of its portfolio invested in FTR at the end of September, in a position worth $113.77 million, while both Jim Simons' Renaissance Technologies and Louis Bacon's Moore Global Investments initiated new positions in the company during the third quarter.

Hatteras Financial Corp. (NYSE:HTS) is a residential real-estate investment trust (REIT) with a $2.01 billion market cap. It pays a 13.71% dividend yield and has 58.31% institutional ownership. HTS features a beta of 0.26, meaning it is about one-fourth as risky as the market. Analysts give it a 2.4 on a scale in which 1.0 means "Strong Buy" and 5.0 means "Sell." It recently traded at $26.25 a share. Charles Clough's Clough Capital Partners had a position worth over $39.49 million in the company at the end of the third quarter. Amy Minella's Cardinal Capital and Brian Taylor's Pine River Capital Management also opened positions in the company during the third quarter.

MFA Financial, Inc. (NYSE:MFA) is a diversified real-estate investment trust with a $2.38 billion market cap. It pays a 14.97% dividend yield and has 83.49% institutional ownership. MFA features a beta of 0.32, meaning it is about one-third as risky as the market. Analysts give it a 2.2 on a scale in which 1.0 means "Strong Buy" and 5.0 means "Sell." It recently traded at $6.68 a share. Brian Taylor's Pine River Capital Management owned a stake in MFA worth $7.84 million at the end of the third quarter. Chuck Royce's Royce & Associates, Stuart Peterson's Artis Capital Management and Cliff Asness' AQR Capital Management also owned stakes in the company.

Annaly Capital Management, Inc. (NYSE:NLY) is a diversified real-estate investment trust with a $15.47 billion market cap. It pays a 14.29% dividend yield and has 48.15% institutional ownership. NLY features a beta of 0.30, meaning it is 30% as risky as the market. Analysts give it a 2.3. It recently traded at $15.95 a share. Bill Miller's Legg Mason Capital Management owned a stake in NLY worth $116.86 million at the end of September after increasing its position in the company by +91% during the third quarter. Michael Lowenstein's Kensico Capital was also bullish on the stock. The fund initiated a new $61.24 million position in the company during the third quarter.

Inergy, LP (NRGY) is a gas utilities company with a $3.20 billion market cap. It pays a 11.56% dividend yield and has 35.68% institutional ownership. NRGY features a beta of 0.63, meaning it is roughly one-third less risky than the market. Analysts give it a 2.0. It recently traded at $24.39 a share. Jim Simons' Renaissance Technologies initiated a new $8.73 million position in NRGY during the third quarter. Jean-Marie Eveillard's First Eagle Investment Management and Ken Griffon's Citadel Investment Group are also fans of the company.

Source: 6 Dividend Monsters Yielding 10% Or More