A Smarter Way to Boost Your Retirement Income

A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time. Here are three dividend-paying stocks retirees should consider for their nest egg portfolio...

DHT Holdings (DHT) is currently shelling out a dividend of $0.05 per share, with a dividend yield of 3.09%. Edison International (EIX) is paying out a dividend of 0.64 per share at the moment, with a dividend yield of 3.35% compared to the Utility - Electric Power industry's yield of 2.68%. Currently paying a dividend of 0.27 per share, Federated Investors (FII) has a dividend yield of 3.17%. This is compared to the Financial - Investment Management industry's yield of 2.22%.

Source: NASDAQ

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