3 No-Brainer Interest-Rate-Sensitive Dividend Stocks To Buy Right Now For Less Than $1,000

The S&P 500 index currently offers a scant 1.3% dividend yield. The average utility is yielding about 2.9%, using the Utilities Select Sector SPDR Fund (XLU) as an industry proxy. That’s more than twice what you’d get from the average S&P 500 stock, and highlights why utilities are a good place to shop when looking for dividend stocks.

Here are three strong dividend-paying utility stocks set to benefit from the Fed’s actions that investors will want to consider right away.

This post originally appeared at The Motley Fool.