3 Stocks to Buy With Dividends Yielding More Than 3%

Investors who want both income and growth need to look closely at dividend stocks. The market's overall yield of about 2% is adequate for some needs, but many investors prefer above-average dividend yields that can play a key role in generating portfolio income. Weyerhaeuser (NYSE: WY), Kimberly-Clark (NYSE: KMB), and Coca-Cola (NYSE: KO) all have dividend yields of 3% or more, and they also have growth prospects that can add to long-term returns for their shareholders.

Renewables have gotten a lot of attention in the energy industry, but one area in which renewable resources have always been a core part of the business model is with timber companies. Weyerhaeuser has been a key player in the timber industry for decades, with substantial forest assets concentrated largely in the Pacific Northwest. Strength in the housing market has played a key role in keeping demand for wood building materials high, and as the remainder of the construction industry starts to catch up, Weyerhaeuser could see continued strength.

Image source: Weyerhaeuser.

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Source: Fool.com