If you're an income investor, you the dividend stocks in your portfolio to have the right balance. While you want a high yield, you also don't want one that's so high the payouts risk being cut. The average S&P 500 stock pays investors about 2% in dividends, and that's why aiming for higher than that -- 3% or better -- can be a good plan.
Here are three dividend stocks that pay more than 3% in dividends that are also good value buys that you can add to your portfolio today:
Gilead Sciences (NASDAQ: GILD) is a stock many investors are putting into their portfolios today because of the potential that the company's drug, remdesivir, has in treating people with COVID-19. While the studies thus far are a bit underwhelming and even conflicting, people are still holding out hope that the drug might be the best option to fight the disease.