ABBV - 3 Rock-Solid Dividend Stocks That Are Ideal for Retirees
2024-05-10 09:30:00 ET
Dividend stocks can be great assets for you in retirement. They can provide you with some recurring income, and they can be relatively safe places to invest your money into for a while. Not all high-yielding stocks are safe, but by going with established, top companies within their respective industries, you can keep your risk down while keeping your dividend income high.
Three stocks that you'll want to consider for your portfolio if you're a retiree craving some dividends and stability are AbbVie (NYSE: ABBV) , AT&T (NYSE: T) , and Exxon Mobil (NYSE: XOM).
Drugmaker AbbVie provides investors with a fairly high dividend that yields 3.8%. That's more than double the S&P 500 average of 1.4%. And the stock is also a reliable one when it comes to growing its payouts. Including the time when it was part of Abbott Laboratories , AbbVie has a dividend growth streak that goes back 50-plus years, making it a Dividend King .
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3 Rock-Solid Dividend Stocks That Are Ideal for Retirees