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When a company pays a very large dividend, it can be a move designed to attract investors in spite of poor earnings. This isn't always the case but it is something to watch for. Also, high dividends are not guaranteed - the dividend a company offers one day could be discontinued at any time - so investors would do well to vet high-yielding stocks carefully to get an idea whether the dividends offered are sustainable.

Larger companies, like those with market caps over $2 billion, tend to pay more stable dividends, as do those with strong EPS growth, even those that pay dividend yields over 10%, like the ones on this list. Again, there is no guarantee that these companies will continue paying dividends at that rate, or continue paying them at all, but with dividends this high, they are worth the risk.

Chimera Investment Corp. (CIM) is a diversified REIT with a $2.86 billion market cap. It pays a 15.83% dividend yield. The company's EPS grew 12.76% per annum over the last five years and is expected to increase by 2.75% per annum over the next five. CIM has a long term debt to equity ratio of 0.59 and has returned 10.76% year-to-date. It recently traded at $2.78 a share.

Frontier Communications Corp. (FTR) is a domestic telecom services company with a $4.93 billion market cap. It pays a 15.15% dividend yield. The company's EPS -16.13% per annum over the last five years and is expected to increase by 6.07% per annum over the next five. FTR has a long term debt to equity ratio of 1.71 and has returned -3.88% year-to-date. It recently traded at $4.95 a share.

Hatteras Financial Corp. (HTS) is a REIT with a $2.08 billion market cap. It pays a 13.28% dividend yield. The company's EPS grew 5.72% per annum over the last five years. HTS has a long term debt to equity ratio of 0.00 and has returned 2.81% year-to-date. It recently traded at $27.11 a share.

MFA Financial, Inc. (MFA) is a diversified REIT with a $2.47 billion market cap. It pays a 14.41% dividend yield. The company's EPS grew 26.80% per annum over the last five years and is expected to increase by 3.00% per annum over the next five. MFA has a long term debt to equity ratio of 0.00 and has returned 3.27% year-to-date. It recently traded at $6.94 a share.

Annaly Capital Management (NLY) is a diversified REIT with a $15.77 billion market cap. It pays a 14.02% dividend yield. The company's EPS grew 23.04% per annum over the last five years and is expected to increase by 0.75% per annum over the next five. NLY has a long term debt to equity ratio of 0.03 and has returned 1.88% year-to-date. It recently traded at $16.26 a share.

Inergy, LP (NRGY) is a gas utilities company with a $2.94 billion market cap. It pays a 12.57% dividend yield. The company's EPS fell -36.32% per annum over the last five years and is expected to increase by 4.00% per annum over the next five. NRGY has a long term debt to equity ratio of 1.61 and has returned -8.15% year-to-date. It recently traded at $22.43 a share.

Och-Ziff Capital Management Group LLC (OZM) is an asset management company with a $3.46 billion market cap. It pays a 11.29% dividend yield. The company's EPS shrank -0.37% per annum over the last five years and is expected to increase by 12.10% per annum over the next five. OZM has a long term debt to equity ratio of 1.65 and has returned 12.72% year-to-date. It recently traded at $9.48 a share.

Source: 7 Mega-Dividend Stocks Worth The Risk