3 Stocks With Dividends Yielding More Than 3%
Dividend yield is an important factor investors consider when choosing a dividend stock to invest in. A high yield might be unsustainable, while a low one might not be enticing enough to attract investors. The typical yield from an S&P 500 stock is about 2% per year. However, investors can still do better than that without putting their portfolios at risk. Here are three stocks paying more than 3% that are safe buys today.
AbbVie (NYSE: ABBV) is a global drug manufacturer that got a whole lot stronger and more diversified this year. On May 8, the company officially completed its acquisition of Allergan. The $63 billion deal will give AbbVie access to Ubrelvy, a key migraine drug the Food and Drug Administration (FDA) approved in December.
On its own, AbbVie generated more than $30 billion in revenue in each of the past two years, and its profit margin has been north of 17% in each of the past five years. AbbVie was a strong company even before the Allergan acquisition. Allergan, which is based in Ireland, has recorded revenue of more than $15 billion in each of the past three years. For two years in a row, its bottom line has come in at more than $5 billion, which amounts to a profit margin of more than 32%.
Source Fool.com
