Retirees looking for reliable sources of income may want to consider investing in high-yielding dividend stocks. These types of stocks can provide a steady stream of income, making them ideal for those who are no longer working full-time. Here are three high-yielding dividend stocks that retirees may want to consider adding to their portfolios.
1. AT&T (T): With a dividend yield of around 7%, AT&T is a high-yielding stock that can provide retirees with a consistent source of income. The telecommunications giant has a long history of paying dividends, making it a reliable choice for income-focused investors.
2. AbbVie (ABBV): AbbVie is a pharmaceutical company with a dividend yield of around 5%. The company has a strong pipeline of drugs and a track record of increasing its dividend over time. Retirees looking for a stable source of income may find AbbVie to be a good option.
3. Exxon Mobil (XOM): Exxon Mobil is an energy company with a dividend yield of around 5%. Despite fluctuations in the energy market, Exxon Mobil has a history of paying consistent dividends. Retirees looking for exposure to the energy sector may find Exxon Mobil to be a good choice for their portfolios.
Overall, high-yielding dividend stocks can be a valuable addition to a retiree’s investment portfolio. By choosing stocks with a history of consistent dividend payments and strong financial performance, retirees can generate a reliable source of income to support their retirement lifestyle.