3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income

As we see it, dividend-paying stocks from generally low-risk, top notch companies are a brilliant way to create steady and solid income streams to supplant current low risk, low yielding Treasury and fixed-income alternatives. 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.

AbbVie (ABBV) is currently shelling out a dividend of $1.18 per share, with a dividend yield of 4.97%. In terms of dividend growth, the company's current annualized dividend of $4.72 is up 10.28% from last year.Bristol Myers Squibb (BMY) is paying out a dividend of 0.45 per share at the moment, with a dividend yield of 3.07%. Taking a look at the company's dividend growth, its current annualized dividend of $1.8 is up 9.76% from last year. Currently paying a dividend of 0.28 per share, Douglas Emmett (DEI) has a dividend yield of 3.84%. Looking at dividend growth, the company's current annualized dividend of $1.12 is up 7.69% from last year.

Source: NASDAQ

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