Finding reliable retirement income is harder than ever thanks to the Federal Reserve's rock-bottom interest rates, but we have three of the best dividend stocks for retirees to help you boost your income. The historical federal funds rate has usually stayed between 2% and 5% but we've been between 0.5% and 1.25% for the past nine years. And with stocks trading at all-time highs, even decent dividend income is hard to come by. Investing in companies that are tapped into these trends is the surest way to secure reliable dividend income...
The world's largest automaker, Toyota Motor Corp. (NYSE: TM), sports a 3.2% dividend yield. Switzerland-based ABB Ltd. (NYSE: ABB), specializes in power-grid construction, automation, and robotics technology. Currently sporting a 3.68% dividend yield, Sanofi SA (NYSE: SNY) is the highest-yielding stock on this list.
Source: Money Morning
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