I'll readily admit that I've been leery in the past of stocks with really high dividend yields. And in most cases, I still am. When a dividend yield is in the stratosphere, there's often a big catch.

However, I'm not a naysayer about every stock in this group. I even own some in my personal portfolio and have my eyes on others. Here are my picks for the three best ultra-high-yield dividend stocks to buy right now.

Let me first address one concern about Devon Energy (NYSE: DVN). The energy stock has declined on fears about its dividend. And indeed, Devon did recently lower its dividend payout. But I'm not worried.

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Source Fool.com