3 High-Yielding Dividend Growth Stocks That Retirees Can Rely On for Recurring Income
If you're a retiree looking to make the most of your nest egg, putting money into dividend stocks can be a great way to do that. You can help maximize the recurring income you earn by investing in dividend growth stocks, which have strong track records for raising their payouts. dividend payments are never a guarantee, but companies with strong financials which prioritize growing their payouts can be ideal income investments to hold in your portfolio.
Three dividend growth stocks with high-yielding payouts that may be attractive to retirees today are AbbVie (NYSE: ABBV), Verizon Communications (NYSE: VZ), and Prologis (NYSE: PLD).
Drugmaker AbbVie pays a high dividend yielding 3.3% -- that's more than double the S 500 average yield of 1.4%. The stock is technically a Dividend King when you count its time as part of Abbott Laboratories. It spun off in 2013, and it has continued to raise dividend payments. In the past five years, AbbVie has raised its dividend payment by 45%, which averages out to a compound annual growth rate (CAGR) of 7.7%.
Source Fool.com
AbbVie Inc. Stock
With 33 Buy predictions and not a single Sell prediction AbbVie Inc. is an absolute favorite of our community.
With a target price of 180 € there is a slightly positive potential of 3.54% for AbbVie Inc. compared to the current price of 173.84 €.
