Instead of exposing yourself to individual stock risk trying to get high dividend yields, try a dividend ETF. Here is a good list of some dividend ETFs that can provide cash flow income:
Preferred Stock ETFs for Attractive Yields
Another great list is here:
Best Dividend ETFs
Some of the common ones mentioned are:
PFF - the iShares U.S. Preferred Stock ETF it has a 6.05% 12-month yield
PGX - the PowerShares Preferred Portfolio it has a 5.94% 12-month yield
