The S&P 500's dividend yield, which hovers around the 1.6% range, isn't exactly jaw-dropping by most standards. However, plenty of companies in the S&P 500 offer dividend yields much higher than that. Of the top five highest-yielding dividend stocks in the S&P 500, none have a yield of less than 7.4%.

Data source: YCharts.

Here is some information about the five companies to help you decide if investing in them is right for you.

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Source Fool.com