3 Dividend Stocks Ideal for Retirees

Once you retire, you begin to depend on your savings and investments to take the place of your salary when it comes to covering at least part of your costs of living. Many retirees look to dividend paying stocks as a source of cash they can get hold of without having to sell their holdings. As the economic hardship we faced in trying to combat the COVID pandemic so brutally reminded us, however, dividends are not guaranteed payments.

In addition, when companies slash their dividends, their stock prices often fall as well. That makes it extra important for retirees to look for companies that look capable of continuing to provide their dividends when times are tough. In that context, these three dividend stocks look ideal for retirees to consider as part of their strategy to generate cash in their retirement.

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Source Fool.com