Twenty-three weeks ago, I invested my cold hard cash into 10 high-yield dividend stocks I believe will beat the market. Let's see the results so far:

Company

Average Cost

Shares

Recent Price

Total Value

Return

Altria (NYSE: MO)

$24.86

40

$26.24

$1,049.60

5.55%

Philip Morris (NYSE: PM)

$61.83

16

$72.13

$1,154.08

16.66%

National Grid

$45.63

22

$49.59

$1,090.98

8.68%

Annaly Capital Management (NYSE: NLY)

$17.55

57

$17.54

$999.78

(0.06%)

Frontier Communications (NYSE: FTR)

$9.14

125

$7.66

$957.50

(16.22%)

Southern Co (NYSE: SO)

$37.87

26

$40.31

$1,048.06

6.44%

France Telecom (NYSE: FTE)

$22.23

45

$20.46

$920.70

(7.96%)

Vodafone Group (NYSE: VOD)

$28.88

34

$26.43

$898.62

(8.48%)

Eli Lilly

$34.48

29

$38.40

$1,113.60

11.37%

Bristol-Myers Squibb

$25.37

39

$29.21

$1,139.19

15.14%

Cash

  

110.49

  

110.49

0%

Dividends Receivable

  

125.05

  

125.05

0%

Total Portfolio

     

$10,607.65

6.08%

Investment In SPY

        

2.47%

Return vs SPY

        

3.61%

Source: Capital IQ, a division of Standards & Poor's. Data as of July 25.

Over the past week, the S&P 500 rose 1.6%. As the market rose, our portfolio outperformance dropped from 3.91% to 3.61%. While outperformance is always good, it should be taken with a grain of salt. We're investing for the long term, and it's only been twenty-three weeks. I firmly believe the results will bear us out.

Movers & shakers
Of our stocks, the biggest mover in the portfolio the past week was France Telecom, which rose 6.3%. Vodafone and National Grid also did well, rising 4.3% and 3.4%, respectively.

Money!
There are six upcoming dividends for the portfolio:

  1. Annaly Capital Management will pay a dividend of $0.65 on July 28. The ex-dividend date was June 28.
  2. Bristol-Meyers Squibb will pay a dividend of $0.33 on Aug. 1. The ex-dividend date was June 29.
  3. Vodafone will pay a dividend of GBP 0.605 on Aug. 5. The ex-dividend date was June 1.
  1. National Grid will pay a dividend of $1.9005 on Aug. 17. The ex-dividend date was June 3.
  2. Southern Co. will pay a dividend of $0.4725 on Sept. 6. The ex-dividend date is July 28.
  3. Eli Lilly will pay a dividend of $0.49 on Sept. 9. The ex-dividend date is Aug. 11.

Earnings
 Altria reported earnings in line with estimates, but the shares were down as management reaffirmed its full-year earnings outlook instead of raising it.

Philip Morris beat analysts' lofty earnings expectations with a 34% jump in earnings per share. Excluding currency effects, the increase was just 21%, but that's still phenomenal. Management also increased its full-year forecast to $4.70-$4.80 per share.

Vodafone reported earnings in line with expectations, and Fool U.K. analyst Alan Oscroft believes the company remains "among the best of the big dividends on the market at the moment."

My Foolish bottom line
I'm highly confident in this portfolio's ability to crush the market over the next decade, and that's why I put $10,000 of my personal cash into these stocks. My strategy is simple. I'm buying strong companies with outsized dividends, reinvesting those dividends, and holding them for the long run. Over the coming year, I'll track my performance, update you on when I'm going to reinvest all my dividends, and keep you abreast of news affecting these companies.

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