3 High-Yield Stocks Safe for Retirees

Stocks that offer retirees strong dividend yields and minimal risk are out there -- if you know where to look. To get you started, here are three that combine both of these key attributes. They include Cisco (NASDAQ: CSCO), Kimberly-Clark (NYSE: KMB) and Duke Energy (NYSE: DUK).

Tim Brugger: (Cisco): Cisco's stock is up "just" 8% in 2017, causing some retirees to question the soundness of investing in this company. However, with its 3.5% dividend and a valuation that's nearly half of the industry average as measured by its price-to-earnings ratio (P/E) of 17, Cisco pays shareholders one of the highest yields in its sector and offers tremendous value -- which minimizes downside risk.

Many investors have been focused on Cisco's 4% drop in total revenue last quarter, to $12.1 billion, but that hardly tells the Cisco story. CEO Chuck Robbins is focused on two initiatives: boosting software and subscriptions sales to build a foundation of recurring revenue, and cutting costs. Cisco's fiscal fourth quarter was undeniably successful in both areas.

Source: Fool.com