Dividend stocks are an important tool for income investing. Surveying the market for stocks with high dividend yields, stable business models, and growth opportunities can improve income flows over the long term. This is important for retirees or anyone who prefers to have income returns that can be redeployed into other opportunities.
The following three stocks embody the above characteristics and are great options for income investors.
Gilead Sciences (NASDAQ: GILD) is a pharmaceutical stock that is on pace to exceed $20 billion in drug sales this year. Gilead holds a strong presence in the HIV treatment space, with a portfolio that includes Biktarvy, Descovy, Genvoya, Odefsey, and Truvada. The company also develops drugs for viral diseases, inflammatory conditions, and oncology. Veklury has been another major seller for Gilead in 2020 due to its use in treating COVID-19.