Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks

One approach to recognizing appropriate stocks is to look for companies with an average dividend yield of 3% and positive average annual dividend growth. Numerous stocks hike dividends over time, counterbalancing inflation risks. Here are three dividend-paying stocks retirees should consider for their nest egg portfolio...

Eaton Vance (EV) is currently shelling out a dividend of $0.38 per share, with a dividend yield of 3.12%. Legg Mason (LM) is paying out a dividend of 0.4 per share at the moment, with a dividend yield of 4.18%. Currently paying a dividend of 0.16 per share, Magic Software (MGIC) has a dividend yield of 3.04%. An upside to adding dividend stocks to your retirement portfolio: they can help lessen the effects of inflation, since many dividend-paying companies (especially blue chip stocks) generally increase their dividends over time.

Source: NASDAQ

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