Seven weeks ago, I invested my cold, hard cash into 10 high-yield dividend stocks that 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)$24.8640$26.52$1,060.806.68%
Philip Morris (NYSE: PM)$61.8316$66.83$1,069.288.09%
National Grid (NYSE: NGG)$45.6322$48.36$1,063.925.98%
Annaly Capital Management (NYSE: NLY)$17.5557$17.39$991.23-0.91%
Frontier Communications (NYSE: FTR)$9.36106$8.01$849.06-14.42%
Southern Co$37.8726$37.78$982.28-0.24%
France Telecom$22.2345$22.90$1,030.503.01%
Vodafone Group (NYSE: VOD)$28.8834$29.12$990.080.83%
Eli Lilly$34.4829$35.87$1,040.234.03%
Bristol-Myers Squibb (NYSE: BMY)$25.3739$27.40$1,068.608.00%
Cash 99.03 99.030%
Dividends Receivable 48.21 48.210%
Total Portfolio   $10,293.222.93%
Investment in SPY    0.91%
Return vs. SPY    2.02%

Source: Capital IQ, a division of Standard and Poor's. Data as of April 11.

Over the past two weeks, the S&P rose a slight 0.1%. Our portfolio maintained its outperformance, widening the gap between its returns and the market's from 1.5% back then to 2% now! While outperformance is always good, you should always take it with a grain of salt. We're investing for the long term, and this portfolio's only been around for seven weeks. I firmly believe the results will bear us out.

Movers & shakers
Of our stocks, again, the biggest mover in the portfolio the past two weeks was Bristol-Myers Squibb, which rose 7.5%. The stock first jumped two Fridays ago, when, as Fool pharma analyst Brian Orelli expected, the FDA approved the firm's melanoma drug Yervoy. The drug is a breakthrough -- the first medicine to significantly extend patients' survival.

Upcoming dividends

  1. Annaly Capital will pay a dividend of $0.62 per share on April 27, 2011. The ex-dividend date was March 29, 2011.
  2. Bristol-Myers Squibb will pay a dividend of $0.33 per share on May 2, 2011. The ex-dividend date was March 30, 2011.

News
Vodafone has been making moves. Last week the company paid $5 billion in cash to buy out its partner from its Indian joint venture, Vodafone Essar, the second-largest wireless operator in India. Additionally, the company sold its 44% stake in French mobile phone company SFR to Vivendi for roughly $11.3 billion in cash. The proceeds from the sale, along with the expected dividend stream from Vodafone's 45% stake in Verizon Wireless will help Vodafone meet its goal of growing its dividend by 7% annually through 2013.

My Foolish bottom line
I'm highly confident in this portfolio's ability to crush the market over the next decade. 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 ten tickers above along with the 13 names from a free report from Motley Fool's expert analysts called "13 High-Yielding Stocks to Buy Today," including one that a senior retail analyst called "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.

Dan Dzombak can be found on his Twitter account: @DanDzombak. He owns shares of Altria, Philip Morris, National Grid, Annaly Capital, Frontier, Southern Co, France Telecom, Vodafone, Eli Lilly, and Bristol-Myers Squibb.

Vodafone is a Motley Fool Inside Value recommendation. Philip Morris is a Motley Fool Global Gains pick. France Telecom, National Grid, and Southern Co are Motley Fool Income Investor picks. The Fool owns shares of Altria Group, Annaly Capital, and Philip Morris. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.