Fed's target rate is 2%, and either way it's close. Also, you can be quite confident you will get that 3% return if the stock is flat. Much more than you can sa

Fed's target rate is 2%, and either way it's close. Also, you can be quite confident you will get that 3% return if the stock is flat. Much more than you can say for a 0.07%-return savings account. You wouldn't want to put all your money into a 3% dividend stock, but as part of a larger diversification? Solid choice IMO.