Pay less, receive more. That sounds like a great proposition, doesn't it? Such opportunities don't come around as often as we'd like.

However, I think some stocks currently offer the chance to pay less and receive more thanks to their attractive valuations and juicy dividends. Here are three ultra-high-yield dividend stocks that are simply too cheap to ignore.

Ares Capital (NASDAQ: ARCC) is the largest publicly traded business development company (BDC) based on market cap. It provides financing to middle-market businesses with a focus on the upper tier of the market.

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Source Fool.com