3 Best Dividend Stocks for Retirement
In a world where bank accounts pay low interest rates, dividend-paying stocks become a more appealing avenue for retiree income. Admittedly, the average cash yield for dividend stocks in the S&P 500 is only 1.3%, and companies can theoretically end payouts anytime. Such conditions may not appeal to income investors when advisors like Charles Schwab believe retirees should save enough to withdraw 4% of their account value per year in retirement.
However, some dividend stocks offer investors the confidence they seek because of a company's long track record of regular payouts. Three examples which fit that bill are AbbVie (NYSE: ABBV), STORE Capital (NYSE: STOR), and Verizon Communications (NYSE: VZ) -- and they also pay rising dividends that even exceed Schwab's 4% recommended return.
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Source Fool.com
