3 Dividend Stocks Ideal for Retirees

Let's face it, retirees shouldn't invest the same way younger investors do. Younger people have more time to ride out the market's sweeping ebbs and flows. Older investors living on their investment income, conversely, need that income to be amazingly reliable.

With this in mind, here's a closer look at three dividend-paying stocks with above-average yields and below-average risk. You may never get what's considered meaningful growth out of them. But you will enjoy being able to sleep well at night if you own them, knowing the dividend payment is well protected.

Dividend yield: 4.4%

Source Fool.com