Buying dividend stocks can be a great way to ensure you have some recurring income flowing into your portfolio, without needing to cash out of your existing investments. The stock market has been performing well over the past year, but the average yield on the S&P 500 is only around 1.5%. But that doesn't mean that's what you have to settle for.
Three stocks that pay much higher yields (of around 3% or better) that I would buy today include Cardinal Health (NYSE: CAH) , Innovative Industrial Properties (NYSE: IIPR) , and Canadian Imperial Bank of Commerce (NYSE: CM) .
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For further details see:
3 High-Yield Dividend Stocks I'd Buy Right Now