Bet on High Dividend Stocks.

With the way the stock market is behaving, it is sometimes better to play with less volatile stocks. High dividend paying stocks fit the bill.

For starters according to Investopedia,

Dividend is the distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders. The dividend is most often quoted in terms of the dollar amount each share receives. It can also be quoted in terms of a percent of the current market price, referred to as dividend yield.

High dividend stocks are safe bet among cautious investors. Even if the price of the stock goes down, the high dividend paid by the company will compensate for the loss. Most of the high dividend stocks do not fluctuate alot and infact few good stocks see a steady rise in the price.

High dividend stocks i recommend:

* Frontline Ltd. FRO with Dividend of $10.00/share and Yield of 30.70%.
Frontline Ltd. (Frontline) is engaged primarily in the ownership and operation of oil tankers, including oil/bulk/ore (OBO) carriers. The Company operates tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons, and Suezmaxes, which are vessels between 120,000 and 170,000 deadweight tons. Frontline's tanker fleet consists of 30 VLCCs and 28 Suezmax tankers, of which eight are Suezmax OBOs and one Aframax tanker.

* Novastar Financial Inc. NFI with Dividend of $5.60/share and Yield of 25.90%
Novastar Financial, Inc. operates as a specialty finance company that originates, purchases, invests in and services residential nonconforming loans. The Company offers a range of mortgage loan products to borrowers, commonly referred to as nonconforming borrowers, who generally do not satisfy the credit, collateral, documentation or other underwriting standards prescribed by conventional mortgage lenders and loan buyers, including United States government-sponsored entities, such as Federal National Mortgage Association or Federal Home Loan Mortgage Corporation.

* New Century Financial Corp. NEW with Dividend of $7.60/share and Yield of 25.30%
New Century Financial Corporation (New Century) is a real estate investment trust (REIT), and through its subsidiaries, operates one of the mortgage finance companies. The Company originates and purchases primarily first-mortgage loans worldwide. The Company focuses on lending to individuals whose borrowing needs are generally not fulfilled by traditional financial institutions because they do not satisfy the credit, documentation or other underwriting standards prescribed by conventional mortgage lenders and loan buyers.

* HomeBanc Corp. HMB with Dividend of $0.80/share and Yield of 25.20%
HomeBanc Corp. serves as the parent holding company for its wholly owned subsidiary HomeBanc Mortgage Corporation (HBMC). The Company, through HBMC, originates residential mortgage loans through its 21 store locations and its 157 realtor store-in-store locations.

* Knightsbridge Tankers Ltd. VLCCF with Dividend of $4.00/share and Yield of 16.20%
Knightsbridge Tankers Limited is an international tanker company whose primary business activity is the international seaborne transportation of crude oil. The Company's fleet consists of five double-hull, very large crude carrier (the Vessels).

* Nordic American Tanker Shipping Ltd. NAT with Dividend of $5.28/share and Yield of 15.20%
Nordic American Tanker Shipping Limited is engaged in acquiring and chartering crude oil tankers. The Company operates its vessels on bareboat charter, spot-related time charters and in the spot market.

* TNR Technical Inc. TNRK.OB with Dividend of $4.75/share and Yield of 14.90%
TNR Technical, Inc. (TNR) designs, assembles and markets batteries and multi-cell battery packs to a variety of industrial markets. TNR is an authorized distributor for several battery manufacturers, the products of which are distributed by the Company throughout the United States. The Company distributes nickel-cadmium, nickel-metal hydride, alkaline, lithium and sealed lead acid batteries manufactured by Saft America, Power-Sonic Battery, Varta Battery, Enersys, Duracell, Renata, GP Direct, Eveready Battery,

The returns range from 30.70% to 14.90%. These returns are definitely lucrative compared to what the banks offer. I recommend my readers to do your own research about these stocks and invest accordingly.