High-yielding dividend stocks can make for great investments because they allow you to earn a lot more in dividends than you would with the average stock.

Today, the average dividend yield for an S 500 stock is just under 1.5%. At that rate, to collect at least $1,000 in annual dividends, you would need to invest more than $67,000. That's not something most investors would likely have available to invest right now.

One stock that offers a much higher dividend yield is Medtronic (NYSE: MDT). At 3.4%, its yield is more than double what the S 500 offers. And the company has also increased its dividend payment for 46 straight years. But the medical device specialist's financials haven't been great in recent years, and there are concerns that the payout may be too high.

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Source Fool.com