3 Rock-Solid Dividend Stocks to Supplement Your Social Security

Without sufficient retirement savings, many economists believe the U.S. is on the verge of a “retirement crisis”. It is imperative for Americans to supplement their retirement income—for many, Social Security will not be enough, given the rising costs of senior housing and health care. Fortunately, there is a solution: dividend stocks. Here are three high-quality, blue chip dividend stocks, that can help savers generate income for retirement...

Johnson & Johnson (JNJ) has increased its dividend for 54 years in a row. Sales of J&J’s pharmaceutical products rose 7% last year, which was far stronger growth than its consumer and medical device businesses. 3M (MMM) is a global industrial giant. 3M has come through with 58 years of consecutive dividend increases. Last year, it increased its dividend by 8%. Colgate-Palmolive (CL) is a Dividend Aristocrat and Dividend King, with dividend increases for 54 years in a row. The company started paying dividends in 1895—more than a century ago.

Source: Newsmax

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