Dividend stocks for retirees

There's new hope for retirees looking for a solid return on their money. It's certainly been a challenge to find in this economy. Rates on CDs and money-market accounts are microscopic. Bond yields have shrunk so low that even locking up your money in a 10-year government Treasury pays less than 3 percent. And trusting the turbulent stock market again is hard for many. Now retirees and others looking for more income without undue risk may want to take a fresh look at an old standby: dividend stocks.

Dividends are regaining their strength after falling from favor when companies cut them during the recession. More than a third of companies in the Standard & Poor's 500 have increased quarterly payouts this year and just three have cut them — a return to pre-meltdown levels and a vote of confidence in the future. Money managers see companies that are confident enough to raise dividends in a weak economy as particularly safe bets — both to remain stable and to keep growing their payouts well into the future.

Source: CNBC

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