Looking for solid dividend stocks with growing yields? Look no further.
Investment strategies change with age. While a younger investor with a longer time horizon may seek out high-risk, high-growth stocks, older folks, especially those in retirement, will want investments that provide safety and a solid source of income. As a retiree, you'll want to make sure the stocks you choose will protect your initial investment, offer some growth, and have the ability to pay a growing dividend.
The S&P 500's Dividend Aristocrat list, which contains stocks on the index that have raised their dividends for at least 25 years straight, may be a good place to start, but bear in mind that past performance does not necessarily predict future returns. For stocks with bright dividend growth ahead, retirees may want to consider the three picks below.
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Source: The Motley Fool