4 Income Stocks You Can Add to Your Portfolio Today
It's understandable why so many investors love dividend stocks. Even if you're not an income investor, the ability to generate some extra passive income from your portfolio is appealing. And globally, more than half of publicly traded companies do distribute some of their profits to shareholders on a regular basis.
However, with the average dividend among S&P 500 stocks yielding about 1.5% and the 10-year U.S. Treasury yielding just under 1.7%, serious income investors will need to look harder to find good investments that offer higher dividend yields.
At their current share prices, Navient (NASDAQ: NAVI), Unum Group (NYSE: UNM), United Bankshares (NASDAQ: UBSI), and U.S. Bancorp (NYSE: USB) all pay dividends that yield around 3% or better annually. They all took some hits from the pandemic in 2020, and investors bid their share prices downward as a result. However, with economic activity returning to levels that are closer to normal and interest rates rising from the rock-bottom lows they sank to last year, the tailwinds should pick up for these companies.
Source Fool.com
