Sometimes, chasing high dividend yields leads to higher risks than many investors are willing to take. But for income-seeking investors, particularly retirees, relatively high yields are a must. One approach is to look for solid stocks that pay attractive yields of 3% or more instead of riskier stocks with much higher yields.
Chevron (NYSE: CVX), Cisco Systems (NASDAQ: CSCO), and Pfizer (NYSE: PFE) appear to be smart picks that fit those criteria for income investors right now. Here’s why.