3 Top Dividend Stocks for Retirees

Investors in retirement typically gravitate toward solid and reliable investments, meaning companies that can deliver consistent returns for shareholders through good and bad economic environments. If you are looking to add those kinds of companies to your portfolio, names such as PepsiCo , Colgate-Palmolive , and Wal-Mart are remarkably attractive dividend stocks for retirees to consider.

PepsiCo (PEP) has a spectacular trajectory of dividend payments over the long term, the company has increased dividends over the last 44 consecutive years, successfully raising its cash distributions for investors under all kinds of economic conditions. Colgate-Palmolive (CL) has sizable presence in the hygiene and personal care markets; the company sells household products such as detergents, deodorant, shampoo, and shower gels. In addition, nearly 14% of revenue comes from its pet nutrition business, in which Colgate-Palmolive operates under the Hill's brand. Scale is a crucial source of competitive advantage in discount retail, and Wal-Mart (WMT) is the biggest retailer on the surface of Earth.

Source: Fox Business

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