2 Cheap Dividend Stocks With Yields Above 3%

If you're an income-focused investor, you shouldn't settle for the paltry 1.3% yield that the average S&P 500 stock pays today. You can find much better yields out there that don't require you to take on significantly greater risk. 

For example, at their current share prices, both Novartis (NYSE: NVS) and Chevron (NYSE: CVX) yield more than 3%. And whether you want to play it safe and invest in the healthcare sector or hedge against inflation with a top oil and gas stock, they can also help you diversify your portfolio along the way.

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Source Fool.com