Income investors don't have to settle for puny dividends. There are far too many stocks that offer extraordinary yields of 6% or more -- a level that I'd categorize as ultra-high.

Granted, some of those stocks are too risky for many investors. But not all of them are problematic. Here are my four favorite ultra-high-yield dividend stocks to buy for 2024 (listed in alphabetical order).

Ares Capital (NASDAQ: ARCC) ranks as the largest publicly traded business development company (BDC). To be exempt from paying federal taxes, BDCs must return at least 90% of their income to shareholders in the form of dividends. Ares Capital has generated a lot of earnings to return in this manner: Its dividend yield currently tops 9.8%.

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Source Fool.com