3 Dividend Stocks Ideal for Retirees With Money To Invest In The Bear Market
Dividend stocks provide many people with a viable option for retirement income. The S&P 500 average dividend stands at approximately 2.4%, exceeding what most bank-related instruments yield in a savings account. Moreover, the return on many dividend stocks dramatically exceeds the S&P 500's average price appreciation. Several dividend-paying companies have increased their payout annually for years, or in some cases, decades.
Furthermore, the sell-off driven by the COVID-19 pandemic has significantly raised dividend yields. The S&P 500 has fallen by nearly 30% from its recent high. Consequently, the average return on dividends, which stood at an estimated 1.78% in February, has risen by almost 35% in less than one month. Those with the courage to buy into a volatile market could earn significant, long-term returns on the payout alone.
Source Fool.com
