With 10-year Treasuries hovering around 2.5% and stocks hovering around all-time highs, it's getting harder and harder to maintain a decent average yield in your dividend portfolio. So what is a long-term dividend investor to do? Obviously, you could add more high-yielding real estate investment trusts ("REITs") and master limited partnerships ("MLPs") to your portfolio to juice your income...but these securities are inherently more risky than the average stock (hence the high dividend/distribution yield). Don't get us wrong, REITs and MLPs are a great addition to any DIY Dividend Portfolio, but we recommend that you limit your exposure to these asset classes to 25% of your total portfolio. There's no such thing as a free lunch...and don't forget that high-yield securities offer a high yield for a reason.

There are plenty of non-REIT, non-MLP, high-quality dividend stocks out there with yields over 3%. That said, we recently ran a screen through our rating system and came up with our "3% Yield Club." This Club is made up of 25 Non-REIT, Non-MLP Dividend stocks with the highest Parsimony Ratings: Bristol-Myers Squibb (NYSE:BMY), Maxim Integrated Products (NASDAQ:MXIM), McDonald's (NYSE:MCD), Garmin Ltd. (NASDAQ:GRMN) and General Mills (NYSE:GIS). If you are looking to generate stable income, dividend growth investing is a great way to accomplish this goal and any one of these 3% yielders would make a nice addition to your portfolio.

Source: Seeking Alpha

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