If you want to turn your brokerage account into an income-generating machine, I have some good news. These three dividend stocks offer yields above 7% right now. That's miles above the average dividend-paying stock in the S&P 500 index, which currently offers a measly 1.6% yield.

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These companies are willing to distribute their earnings to shareholders, but that doesn't mean they want to offer eye-popping dividend yields. Investors have pushed their stock prices down because they aren't entirely convinced these businesses can continue growing earnings at a healthy pace.

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Source Fool.com