3 Dividend Stocks for Retirees

Here are a few good reasons why ExxonMobil, Bristol-Myers Squibb, and Microsoft would make smart additions to conservative income hunters' portfolios.

Retirees who are eager to boost the income from their portfolios have been turning away from low-yielding government bonds and toward higher-yielding stocks. Embracing dividend payers can increase your investment income, but focusing too much on yield can expose retirement accounts to companies that are too risky. Rather than chasing yield, a better bet for retirees is to focus on high-quality companies that are likely to increase their dividend payouts in the future. For example, these three top-shelf companies have catalysts that could propel their dividends higher.  

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Source: The Motley Fool

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