Why wouldn't an income investor want to own a stock that has a 14% dividend yield? That's an awfully tempting number, given that the average return of the S&P 500 (SNPINDEX: ^GSPC) is generally considered to be around 10% a year.

LXP is a $2.7 billion REIT in the industrial sector. The company's focus is on buying, developing and operating high-quality, single-tenant industrial properties. Specifically, these are large warehouses and distribution centers in key markets around the U.S.

High-yield dividend stocks with attractive valuations allow investors to generate extra income. Read why these stocks also reduce portfolio volatility.

Because of that, many stocks now offer even higher yields. Here are five high-quality dividend stocks that currently yield more than 5%, which you can confidently buy right now for a lucrative income stream.

The recent inflation read came in below market expectations at 2.8%. This was seen as a positive sign, and most stocks opened higher. However, the recovery in these stocks is still on shaky ground. Dividend stocks with very high yields can be a much better bet if inflation unexpectedly trends significantly lower in the coming

High dividend yields are a double-edged sword. On the other hand, a high dividend yield is indicative of business weakness, which may lead to poor stock price performance and a potential cutting of the dividend in future years.