2 High-Yield Dividend Stocks to Buy Now
Are you looking for a great dividend stock to add to your portfolio? There are many options out there, but the reality is that many just don't pay shareholders all that much. The average stock on the S&P 500 yields around 1.6%. At that rate, on a $10,000 investment, you could expect to earn just $160 per year in dividend income. However, there are investments you can put in your portfolio that pay much more and are still safe buys.
Two stocks that fit that criteria are Gilead Sciences (NASDAQ: GILD) and Toronto-Dominion Bank (NYSE: TD). They're relatively safe long-term investments that can generate significant cash flow over the years. Here's a closer look at the two businesses and why investors won't have to worry about their yields, which today are up over 4%.
Image source: Getty Images.
Source Fool.com
