3 Dividend Stocks Ideal for Retirees

If you're near or in retirement, owning dividend stocks can be a great way to create a consistent stream of cash flows to fund your living expenses or even travel the world. But not all dividends are created equal.

We asked three of our investors for their favorite dividend stocks for people in retirement, and their top picks were Hormel Foods Corp. (NYSE: HRL), Wal-Mart Stores, Inc. (NYSE: WMT), and NRG Yield, Inc. (NYSE: NYLD) (NYSE: NYLD-A). Here's why these will be stable dividend stocks for many years to come.

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Source: Fool.com