Dividends4Life: Best Dividend Stocks For Retirement Income In 2016

Dividend Growth Stocks News

This year my theme for dividend stocks in 2016 is big, strong and steady. In other words, I’m looking for stocks with a great personality and that are not only defensive in nature, but also carry useful competitive advantages to weather price / consumer storms as well as the ability to maintain (and even raise) their dividends. After the list, you’ll find is a short summary of why I like each company. It’s designed to be a short and sweet sound bite with as little financial jargon as possible.

Walmart (WMT) - The retail price leader is my top pick simply because it’s trading at 20% below its fair market value. Consolidated Edison (ED) - There isn’t much sex and sizzle when it comes to this utility behemoth. Apple (APPL) - While Apple isn’t the typical retirement income stock, its current share price offers retirees the opportunity to make up for the low yield with long-term growth. T. Rowe Price (TROW) - Fidelity, Schwab, and Vanguard get a lot of media attention, but I’m a fan of TROWs impressive history of dividend increases (28 years) and positioning with aging baby boomers.

Source: Forbes

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