3 Dividend Stocks Ideal for Retirees

As the yield on the 10-year U.S. Treasury Bond fell below 1% in early March, retirees looking for stable investments for their income were desperately looking for alternatives that could provide a well-performing dividend yield and help generate decent -- and safe -- income for their retirement funds. The coronavirus pandemic has created problems for investors who are chasing safe dividends, as many otherwise strong companies have been unexpectedly hit and forced to announce the suspension of share repurchases and dividend payouts in the past month to keep operating in what is clearly a recessionary economy.

To help retirees in the search for stable income-oriented investments, here are three companies that appear capable of weathering the COVID-19 pandemic and continue to protect their dividend payouts over the long-term -- giving retirees who rely on these funds some shelter during this economic storm.

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Source Fool.com