3 Top Dividend Stocks to Maximize Your Retirement Income

Here's an eye-opening statistic: older Americans are more afraid of running out of money than of death itself. And unfortunately, even retirees who have built a nest egg have good reason to be concerned - with the traditional approaches to retirement planning, income may no longer cover expenses. That means retirees are dipping into principal to make ends meet, setting up a race against time between dwindling investment balances and longer lifespans. Here are three dividend-paying stocks retirees should consider for their nest egg portfolio...

AbbVie (ABBV) is currently shelling out a dividend of $1.18 per share, with a dividend yield of 5.18%. In terms of dividend growth, the company's current annualized dividend of $4.72 is up 10.28% from last year. Piedmont Office (PDM) is paying out a dividend of 0.21 per share at the moment, with a dividend yield of 5.84%. Taking a look at the company's dividend growth, its current annualized dividend of $0.84 is flat compared to last year. Currently paying a dividend of 1.04 per share, Sempra (SRE) has a dividend yield of 3.31%. Looking at dividend growth, the company's current annualized dividend of $4.18 is up 8.01% from last year.

Source: Yahoo Finance

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