Don't invest money in stocks you'll need within the next five or so years. When you do buy stocks, build a well-diversified portfolio. Be aware of potential risks and volatility. 

Those three statements are important ones for every investor to heed. Let's suppose, though, that you've already checked off those boxes and want to make $10,000 in dividend income over the next year. If so, consider investing $87,000 spread across these ultra-high-yield stocks.

Ares Capital (NASDAQ: ARCC) currently offers a dividend yield of 10.7%. Using one-third of the initial $87,000 investment ($29,000) to buy shares of the business development company (BDC) should generate roughly $3,100 in annual dividend income.

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Source Fool.com