Warren Buffett likes dividends. His Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) portfolio is loaded with dividend stocks. The legendary investor talked about dividends quite a bit in his latest letter to Berkshire shareholders. 

Buffett doesn't own all that many stocks that pay jaw-dropping yields. However, you might be surprised what you'll find if you look hard enough. Here's one Buffett stock with an ultra-high dividend yield of 10% -- and why it's a screaming buy right now.

No matter how hard you look, you won't find Ares Capital (NASDAQ: ARCC) listed among the holdings of Berkshire Hathaway. But Berkshire -- and by extension, Buffett --- does own the stock.

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Source Fool.com