3 Dividend Stocks That Could Keep Paying Out For The Rest Of Your Life

Investing for retirement requires a different approach from merely betting on growth or value stocks. The strategy for fixed-income is to buy quality stocks, hold them over the long run and focus on their income-generating capabilities—now and into the future. With these factors in mind, below we've short-listed three stocks that income investors could consider buying now. Each offers solid income potential for long-term investors due to their ample cash reserves, healthy balance sheets and reasonable payout ratios.

Procter & Gamble (NYSE:PG), the Cincinnati-based company is among that small group of firms considered Dividend Aristocrats—businesses that have, for 25 years or more, consistently and consecutively raised and paid out their dividends. Medtronic (NYSE:MDT) is a lesser known healthcare stock that we like due to the company’s strong market position and its hefty payouts. The world’s biggest medical device maker controls 50% of the global pacemaker market. Home Depot (NYSE:HD) is one of those retailers that are ideally positioned to continue sending dividend checks to retirees. The home-improvement retailer in recent years invested heavily to prepare itself for the e-commerce onslaught and changing consumer behavior.

Source: Investing.com

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