With the stock market close to record highs, the yields on many dividend paying stocks have drifted lower. That's great news if you bought into these companies before the rally. But what if you're looking to add some higher yielding companies to your portfolio now? Thankfully, there are a few dividend paying stocks that still yield over 3% -- despite the big rally in their shares.
I prefer consumer stocks as income investments because they tend to be steady, mature businesses that can generate plenty of cash, even through a recession. With that in mind, here are four of the highest dividend-paying consumer stocks around: Kraft Foods (NASDAQ: KRFT), Hasbro (NASDAQ: HAS), Leggett & Platt (NYSE: LEG) and Dr Pepper Snapple (NYSE: DPS).
Source: Motley Fool
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