Dividend stocks have outperformed non-payers over the past 51 years, with yield and risk being closely linked. Three income stocks with yields between 7.2% and 13.4% are currently undervalued. The stock market remains the top wealth creator, with dividend stocks being a successful investment strategy. Pfizer, with a 7.2% yield, is a strong buy due to its strong track record and low valuation. UPS, with a 7.8% yield, is focusing on higher-margin opportunities. PennantPark Floating Rate Capital offers a 13.4% yield and a history of strong returns. These ultra-high-yield stocks present attractive investment opportunities in October.

Read more at Nasdaq: 3 Ultra-High-Yield Dividend Stocks — Sporting an Average Yield of 9.5% — Which Are No-Brainer Buys in October