3 Dividend Stocks to Bankroll Your Retirement
It's been a wild couple of weeks in the market, with stocks falling left and right, and the P/E ratio on the S&P 500 falling from a pricey 25 to a much more accessible 18 (as of the close of trading Monday).
No one likes seeing their stocks go down -- especially when you're on the cusp of retiring. But there is a bright side to all this doom and gloom in the markets: Because dividend yields are calculated by dividing a stock's constant-dollar dividend amount by its stock price, assuming constant dividend payments, a smaller stock price means significantly larger dividend yields. Thanks to this dynamic, the average dividend yield on the S&P has already shot up from less than 1.9% to nearly 2.2%.
If you're looking to buy a dividend stock (or three) to bankroll your retirement, this is very good news. Here are three possibilities to consider: Anheuser-Busch Inbev (NYSE: BUD), Hasbro (NASDAQ: HAS), and Citigroup (NYSE: C).
Source Fool.com
