Six months 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

$25.70

$1,028.00

3.38%

Philip Morris (NYSE: PM)

$61.83

16

$68.33

$1,093.28

10.51%

National Grid (NYSE: NGG)

$45.63

22

$49.74

$1,094.28

9.01%

Annaly Capital Management (NYSE: NLY)

$17.55

57

$18.35

$1,045.95

4.56%

Frontier Communications (NYSE: FTR)

$8.95

137

$7.19

$985.03

(19.66%)

Southern Co.

$37.87

26

$40.41

$1,050.66

6.71%

France Telecom

$22.23

45

$19.18

$863.10

(13.72%)

Vodafone Group (Nasdaq: VOD)

$28.69

38

$27.68

$1,051.84

(3.52%)

Eli Lilly

$34.48

29

$35.77

$1,037.33

3.74%

Bristol-Myers Squibb

$25.37

39

$28.17

$1,098.63

11.04%

Cash

  

7.5

  

7.5

0%

Dividends Receivable

  

68.31

  

68.31

0%

Total Portfolio

     

$10,423.91

4.24%

Investment In SPY

        

(7.65%)

Return vs SPY

        

11.89%

Source: Capital IQ, a division of Standard & Poor's, as of Aug. 15.

Over the past week, the S&P 500 recovered from last week's crash, rising 7.45%. As the market rose, our portfolio outperformance basically stayed the same, moving from beating the market by 11.91% to beating the market by 11.89%. 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 six months. I firmly believe the results will bear us out, and I've been right thus far.

Movers & shakers                            
Of our stocks, the biggest mover in the portfolio the past week was Annaly Capital, which rose 12.3%. The company, along with other mortgage REITs like its subsidiary Chimera (NYSE: CIM), reacted positively to the news that the Federal Reserve planned to keep interest rates low until 2013, which should help REITs continue earning large spreads on their investments.

Reinvesting
 As promised last week, with the good prices available on Friday, I reinvested our cash in four shares of Vodafone and 12 shares of Frontier Communications. This brings the portfolio's cash balance down to $7.50, our lowest ever, but it should build quickly as there are a few large dividends coming in September, which you can read about below.

Money!
There are five upcoming dividends for the portfolio:

  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 was July 28.
  3. Eli Lilly will pay a dividend of $0.49 on Sept. 9. The ex-dividend date was Aug. 11.
  4. France Telecom will pay a dividend of $0.85 on Sept. 8. The ex-dividend date is Sept. 5.
  5. Frontier Communications will pay a dividend of $0.1875 on Sept. 30. The ex-dividend date is Sept. 7.

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.

Consider the 10 tickers above along with the 13 names from a free report from Motley Fool expert analysts called "13 High-Yielding Stocks to Buy Today," including one named by a senior retail analyst as "the dividend play of a lifetime." Tens of thousands have requested access to this report and today I invite you to download it at no cost to you. To get instant access to the names of these 13 high yielders, simply click here -- it's free.