3 Dividend Stocks Perfect for Retirees

Dividend stocks are a perfect fit for a retiree's portfolio considering the supplemental income they provide, which also adds to investor returns in the long run as compounding works its magic.

However, not all dividend stocks are ideal for retirees. In retirement, it's ideal to own stocks that don't just pay out stable and regular dividends, but also increase them regularly for greater long-term returns. Here are three great stock to consider.

A utility stock is an obvious choice for a retiree given the defensive nature of the business of utilities, which enables them to generate stable cash flows and pay regular dividends. But the stock I'll recommend today isn't just a traditional utility; it's one of the top renewable energy stocks you could own. Because clean energy is the future of energy, investing in a top company in the field, like NextEra Energy (NYSE: NEE), should pay off.

Source Fool.com