High-yield dividend stocks can offer attractive returns for investors. However, these stocks also tend to carry more risk and require careful analysis as a result. After all, a high yield may be a sign that a company is facing a substantial headwind that could necessitate a reduction in the payout. 

Which high-yield stocks offer an attractive risk-to-reward ratio right now? Bristol Myers Squibb(NYSE: BMY) and Philip Morris International (NYSE: PM) are two attractively priced, high-yield dividend stocks that should deliver consistent levels of passive income for the foreseeable future. Here is a brief rundown of the pros and cons associated with each of these top-shelf dividend stocks. 

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Source Fool.com