Dividend stocks for retirees

Financial advisers increasingly are looking to dividend income as a means to provide cash flow to retired clients — despite some obvious risks in doing so. Interest income has disappeared for investors as rates stay near zero, with no indication that they will go up anytime soon. Dividend advocates note that yields from stocks have held up — and even grown.

In fact, dividend increases for U.S. stocks should be up about 10% this year, on top of a 10% gain last year, said Jeremy Schwartz, director of research at WisdomTree Asset Management Inc. Dividends are “the name of the game now” for clients, said Bill Ring, president of Security Capital Portfolio Management Inc.

Source: Investment News

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