3 Great Dividend Stocks in the Bargain Bin for Retirees

If you're looking for a long-term winner as a retiree, it's hard to beat a stock that not only pays growing dividends, but whose shares are in the bargain bin because of short-term disappointments. Even the highest-quality companies suffer setbacks, which can present a golden opportunity to buy beaten-down shares and watch them rebound. In addition, with the stock having taken a hit, your investment dollars buy more shares, meaning a juicier yield and a bigger income stream for decades -- perhaps even the rest of your life.

Remember that no stock is without risk, and there are no guarantees. But if you have some patience and don't mind a little risk, these three companies have a long history of solid performance and could make great choices for a retirement portfolio.: Bristol-Myers Squibb: management flubbed it, but the stock will be back. Blame Bristol-Myers Squibb (NYSE:BMY) for being overly ambitious. CVS Health Corporation's (NYSE:CVS) 1.8% dividend may not seem like much at first, but CVS offers great dividend growth. If you're looking for a great stock that's paid increasing dividends decade after decade, look no further than Abbott Labs (NYSE:ABT).

Source: Motley Fool

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