Many stocks don’t offer particularly high yields. The stocks in the S&P 500, for instance, average a yield of just 1.3%. That’s not a terribly exciting rate of return on dividends for income investors. It would mean you have to invest around $77,000 in S&P 500 stocks to expect to collect just $1,000 in dividends over the course of a full year.
The good news, however, is that there are quality stocks that pay yields of well over double that rate, and they aren’t risky or expensive investments, either. If you want a much-better-than-average dividend income, consider the following three stocks for your portfolio today.
Here’s why these three dividend payers can be excellent options for income-seeking investors.
This post originally appeared at The Motley Fool.