The Best High-Yield Dividend Stock for Retirees

Dividend stocks can provide you with a reliable and steadily growing income stream in retirement. High-yield dividend stocks can put even more money in your pocket -- that is, if you can identify the ones that are truly high-quality businesses, rather than well-disguised yield traps.

To help you in this regard, here's an excellent company that can pay you sizable dividends for many years to come. It has a high yield -- currently about 5% -- but its dividend is well supported by its strong cash flow generation. And rather than risky, it's arguably one of the safer stocks in the market today.

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Source Fool.com