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I'm new to this & not have made an investment as of yet , but a friend at work told me to check ( JAMS ).
It pays out 11.5%!!!

When I see something like that, I'm tempted to run screaming for the hills...(G) And here's a good reason why:

That dividend represents 150% of the stocks earnings. Now, I don't know about you, but I prefer my companies to keep some money for growth, rather than cannabilizing the company's resources to pay the owners a dividend (on which they get to pay taxes as regular income). Long-term capital gains taxes are lower, after all. So why would I invest in a company that looks like it's going to pay itself out in dividends? Even if the total return (pre-tax) is similar, the post-tax return will be much higher on a company that grows because of postponing the taxes and paying a lower rate down the road.

Never go on an adventure without a hat!
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