Investing in high-yield dividend stocks can be a great way to generate more income. Many companies offer above-average payouts, while the best ones routinely increase their dividends.

Park Hotels Resorts (NYSE: PK), Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD), and EPR Properties (NYSE: EPR) are great ways to satisfy your desire for income. Here's why they stand out to a few Fool.com contributors as great high-yield dividend payers to buy for income this year and those to come.

Tyler Crowe (Park Hotels Resorts): Hotel real estate is a binary market right now. Hotels that are geared toward leisure and vacation travel are doing awesome. Those that are designed to cater to business travelers are doing awful. Park Hotels Resorts owns some of both. Its properties include some major destination resorts such as the Hilton Hawaiian Village Waikiki Beach Resort and the Waldorf Astoria Orlando. It also owns major business travel hotels such as the New York Hilton Midtown. Even though its hotel portfolio is only about 28% geared toward business travel, the market seems to be focusing almost exclusively on the business travel side of the equation.

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Source Fool.com