The adage "sell in May and go away" hasn't always been wise advice. It's especially impractical for income investors who need to have their money working for them. Instead of selling stocks in May, income investors could be better off buying.

Fortunately, you have plenty of good picks from which to choose, and many of them offer especially juicy dividend yields. Here are my five favorite high-yield dividend stocks to buy in May.

Ares Capital (NASDAQ: ARCC) might be the least well-known of my picks. Anyone familiar with middle-market financing probably knows the company well, though. It's the largest publicly traded business development company (BDC) providing financing solutions to middle-market businesses.

Continue reading

Source Fool.com