3 Top Dividend Stocks to Maximize Your Retirement Income

Going beyond those familiar names, you can find excellent dividend-paying stocks by following a few guidelines. Look for companies that pay a dividend yield of around 3%, with positive annual dividend growth. The growth rate is key to help combat the effects of inflation. 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 5.1%. In terms of dividend growth, the company's current annualized dividend of $4.72 is up 10.28% from last year. Big Lots (BIG) is paying out a dividend of 0.6 per share at the moment, with a dividend yield of 3.58%. Taking a look at the company's dividend growth, its current annualized dividend of $1.2 is flat compared to last year. Currently paying a dividend of 0.36 per share, Cisco Systems (CSCO) has a dividend yield of 3.2%. Looking at dividend growth, the company's current annualized dividend of $1.44 is up 6.06% from last year.

Source: Yahoo Finance

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