Apollo Commercial Real Estate Finance, Inc. (ARI) remains an interesting high-yield dividend stock for investors that desire high, recurring dividend income. The commercial real estate finance company has a large, floating-rate investment portfolio that can be expected to throw off more cash as interest rates rise. Apollo Commercial Real Estate Finance could further see an improvement in its dividend coverage stats as interest rates climb, thanks to its large variable-rate investment portfolio. Shares are reasonably valued and afford income investors with an 8.9 percent dividend yield.