NEW YORK ( TheStreet) -- American Capital Agency (AGNC - Get Report), China Nepstar Chain Drugstore (NPD - Get Report), Main Street Capital (MAIN - Get Report), Hercules Technology Growth Capital (HTGC - Get Report), Ares Capital (ARCC - Get Report), EV Energy Partners (EVEP - Get Report), PennantPark Investment (PNNT - Get Report), UIL Holdings Corporation (UIL - Get Report), Lorillard (LO - Get Report) and United Parcel Service (UPS - Get Report) have high dividends in the range of 2.6%-19.5%.
The selected companies come from diverse industries like financials, energy, utility, logistics and consumer goods. These companies churned sizable dividend rates in recent times, paying a higher proportion of their retained earnings as dividends. The selected group's earnings could average 15%-20% for 2011.
Most dividend income investors demand a dividend yield of 2%-3%, similar to the dividend yield of S&P 500. These 10 stocks have a dividend yield of 9%, topping the index average. The stocks considered here have an average upside potential of at least 7%, according to analysts' estimates.