3 Dividend Stocks Ideal for Retirees
Dividend stocks are a top source of income for retirees, provided the stocks pay out regular and steady dividends. Even better if it's a dividend growth stock, as rising dividends not only boost income but also multiply your returns from stocks in the long term.
A good strategy for retirees is to invest in dividend stocks that yield at least 3% and increase dividends regularly. Here are three top stocks ideal for retirees thanks to their high yields that look safe.
You cannot not own a utility stock in retirement. Because of the defensive and resilient nature of their businesses, utility stocks not only pay good dividends but also tend to outperform during a downturn -- a characteristic that can save retirees from nasty shocks during rough times. I like Dominion Energy (NYSE: D), yielding 4.6% currently. Because 95% of Dominion's operating income comes from regulated assets, it enjoys steady cash flows and can pay stable dividends -- it has increased dividends for 17 consecutive years.
Source Fool.com
