These companies pay well above average dividends. Investing in dividend stocks is a great way to start collecting passive income. Many companies pay dividends, with some offering very attractive payouts. Several high-quality dividend stocks currently yield over 5%, significantly above the S&P 500's average of around 1.3%. Here are five great higher-yielding dividend stocks to buy right now for passive income. Generating lots of income Dominion Energy (D 1.40%) currently has a dividend yield of around 5.5%. ...