3 Top Dividend Stocks to Maximize Your Retirement Income

Dividend-paying stocks from low-risk, high-quality companies are a smart way to generate steady and reliable attractive income streams to replace current low risk, low yielding Treasury and bond options. One approach to recognizing appropriate stocks is to look for companies with an average dividend yield of 3% and positive average annual dividend growth. Numerous stocks hike dividends over time, counterbalancing inflation risks. Here are three dividend-paying stocks retirees should consider for their nest egg portfolio...

CVS Health (CVS) is currently shelling out a dividend of $0.5 per share, with a dividend yield of 3.1%. In terms of dividend growth, the company's current annualized dividend of $2 is flat compared to last year. Donegal Group (DGICA) is paying out a dividend of 0.15 per share at the moment, with a dividend yield of 4.34%. Taking a look at the company's dividend growth, its current annualized dividend of $0.6 is up 1.75% from last year. Currently paying a dividend of 0.49 per share, General Mills (GIS) has a dividend yield of 3.23%. Looking at dividend growth, the company's current annualized dividend of $1.96 is flat compared to last year.

Source: Yahoo Finance

Related Articles:
- 4 Dividend Growth Stocks That Could Make You Wealthy
- A Roadmap To Build Wealth With Dividend Stocks
- High-Yield Managed Distribution Policy Funds
- 5 Blue Chip Dividend Stocks For When the Chips Are Down
- 6 Dividend Stocks With A Good Yield And Growth Balance