Investors generally end up making a trade-off between risk and reward when choosing between high-yield dividend stocks. In many cases, the higher the yield, the higher the risk.

To illustrate the point, here are three stocks that dividend investors might want to consider. They all have attractive dividend yields and interesting business opportunities. The distinguishing factor is the differing levels of risk involved. At the low end of the risk spectrum is (NYSE: K) with its 3.5% yield. In the middle is Walgreens Boots Alliance (NASDAQ: WBA) with a 6.4% yield. And on the high side of both factors is PetMed Express (NASDAQ: PETS) with its 8.8% yield.

Kellogg is probably best known for its namesake cereal products, but that's about to change. Over the past few years, the food maker has been selling slow-growth businesses (like Keebler) and acquiring faster-growing brands (like Pringles). Given the company's history, management was reluctant to touch the cereal business despite its modest growth profile. That is until now. It appears the cereal segment will be spun off to investors. 

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Source Fool.com