3 Top Dividend Stocks to Maximize Your Retirement Income

Strange but true: seniors fear death less than running out of money in retirement. Also, retirees who have constructed a nest egg have valid justifications to be concerned, since the traditional ways to plan for retirement may mean income can no longer cover expenses. Some retirees are now tapping their principal to make a decent living, pressed for time between decreasing investment balances and longer life expectancies. Here are three dividend-paying stocks retirees should consider for their nest egg portfolio...

Costamare (CMRE) is currently shelling out a dividend of $0.1 per share, with a dividend yield of 9.24%. In terms of dividend growth, the company's current annualized dividend of $0.4 is flat compared to last year. CyrusOne (CONE) is paying out a dividend of 0.5 per share at the moment, with a dividend yield of 3.92%. Taking a look at the company's dividend growth, its current annualized dividend of $2 is up 8.7% from last year. Currently paying a dividend of 0.5 per share, CVS Health (CVS) has a dividend yield of 3.73%. Looking at dividend growth, the company's current annualized dividend of $2 is flat compared to last year.

Source: Yahoo Finance

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