Defensive Dividend Stocks for Retirees

The U.S. recovery has stalled and economic indicators are pointing downwards, but investors selling out of the market now are doing so at a low. Investors that are adverse to risk and looking for relatively safe bets that pay a healthy dividend may want to check out these three defensive dividend stocks…

Colgate-Palmolive Company (CL) provides toothpaste and other consumer goods that are the staples of society and pays a healthy 2.55% dividend yield. While people may be cutting back on their spending, it is unlikely that they will cut back on the necessities provided by this company, making it a relatively safe and diversified play that pays a nice dividend. Last quarter, the consumer products company reported net sales that increased 9.5% due to favorable currency changes, steady selling prices, and growth in Latin America and Europe. However, net income fell from $0.97 per share to $0.69 per share year-over-year due to a one-time charge related to hyperinflationary accounting in Venezuela – excluding that it was up 25% to $1.21 per share.

Source: Sumfolio.com

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