Putting some money into stocks at an early age could result in significant gains over a lifetime, a familiar story with high-growth stocks. The tricky bit is finding them at an early stage.

It's also possible with stocks that combine growth with some dividends, allowing you to compound the dividends through investing.

But what about high-yield stocks? Here's a look at three high-yield dividend payers -- oil and gas company Diamondback Energy (NASDAQ: FANG), the Guggenheim Strategic Opportunities Fund (NYSE: GOF), and energy infrastructure company Kinder Morgan (NYSE: KMI) -- to see if they are fit for the purpose. 

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Source Fool.com