The energy MLPs still offer good yields. You could diversify away from the exploration and production MLPs like EVEP and buy the pipeline MLPs (like EPD or ETP) or some of the midstream ones that gather and store nat gas or produce nat gas liquids (NGLS). I also like NRGP which is the gp of a propane MLP that is slated to increase its distribution some 20% over each of the next 3 years.
Be careful in your search for high yield. As we found out in 2008, when a liquidity crisis hits, those stocks that offer high yields that have debt can cut their distributions if their loan covenants are breached (this happened with many drybulk shippers that supposedly had the protection of long-term charters to support their dividends). Some other alternatives are: selling covered calls to generate income on more stable stocks, preferred stock or convertible bond closed-end funds that sell at discounts to net asset value (use QuantumOnline to search), utilities (some have issued sub debt like DRU and SCU)
AT&T is a great one right now. 6.6% dividends and they are earning 9.67%
Today the stock is on sale for $25.70 and the slow stochastic at 13 moved above the fast stochastic yesterday (a major buy signal). It should move up to $28+ within a month or two. A VERY safe investment.
You might want to take a look at JTP. It's a leveraged closed end preferred stock fund run by the Nuveen Corporation that pays monthly dividends and has a current annual yield of 8.7%. Shares of this ETF trade on the NYSE. No guarantees, but it appears likely that both the share price and the dividend will slowly rise this year.
Take a look at NMM, a MLP that is in dry bulk shipping. Most of their fleet of ships are chartered out under long contracts (out to 2014 and longer); therefore providing a stable distribution.
I would recommended PDL Biopharm (PDLI) it's basically a company winding down but its got solid royalties though 2014. This year it just announced (2) dividends of .50 cents per share. A stock at 6.40 equates to about 15 percent yield. Last year it closed out the year with a special dividend of 1.67 per share which is the reason for the depressed share price. If it ends the year with that again (not guaranteed) that would be 2.67 divys for a currently 6.40 stock. I own quite a bit probably for another 2 years. Good Luck in your search
A boring conservative stock - GTY (8.5% yield, trading near its low range now).
Sector lending itself to interest rate, mortgage rate fluctuations - NLY, HTS, AGNC (all have high yields). As rates go up, their stock prices will decline (NLY's price range seems to be more limited - its high range is said to be near 21 and 22 tops, low range around 14 due to book value. I know little of HTS and AGNC, but they seem to be doing a similar biz as NLY.)