3 Stocks With Dividends Over 5% That Are Great for Income Investors
Dividend income is a great way to help pad your portfolio's overall returns. Whether you need the extra cash or just want to see your portfolio grow at a quicker pace, dividend stocks can be a great way to accomplish either goal. Below are three stocks that you can buy and just sit back and watch as the dividends roll in to your portfolio.
AbbVie (NYSE: ABBV) is a global biopharmaceutical stock that has operations all over the world. What makes AbbVie, the company behind the popular Humira drug, an attractive long-term buy for investors is that it makes drugs that patients desperately need. From hepatitis to oncology to chronic kidney disease, AbbVie helps many patients around the world with its products. One way that AbbVie has been able to grow over the years has been via acquisitions. However, its latest acquisition, a $63 billion deal to buy Allergan Plc, is still currently being reviewed by the Federal Trade Commission.
In three years, the company's sales have grown from $22.9 billion to $32.8 billion this past year, for an increase of 43%. The stock's dividend of around 5.7% per year makes it even more attractive. Abbvie has also raised its dividend payments by nearly 170% over the past six years and is considered a Dividend Aristocrat, as it was spun off from Abbott Labs, a company that has increased its dividends for 47 straight years.
Source Fool.com
