10 Companies With Dividends of Up to 13%

BOSTON (TheStreet) -- U.S. stocks yesterday weren't able to extend Tuesday's rally after a report showed U.S. housing starts fell 10% in May and FedEx(FDX) issued a 2010 profit outlook that missed analysts' expectations.

Dividend-paying shares help investors weather a weak stock market. Here are 10 stocks that offer enormous yields. They also carry greater-than-average risk.

10. Cellcom Israel(CEL) sells telecom services.

Quarter: First-quarter profit inched up 2.2% to $85 million, or 85 cents a share, as revenue grew 14%. The operating margin rose from 28% to 29%. Cellcom has $270 million of cash and $1.2 billion of debt, equaling a debt-to-equity ratio of 10.

Stock: Cellcom has increased 4.3% during the past year, underperforming U.S. indices. It trades at a price-to-projected-earnings ratio of 2.2, reflecting a massive 83% discount to its peer average. It's also cheap based on sales and cash flow.

Consensus: Of analysts covering Cellcom Israel, six, or 35%, advise purchasing its shares, 10 recommend holding and one suggests selling them. Citigroup(C) offers a target of $41, leaving a potential return of 52%. UBS(UBS) expects the stock to hit $37.