3 Top Dividend Stocks to Maximize Your Retirement Income

Dividend-paying stocks from low-risk, high-quality companies are a smart way to generate steady and reliable attractive income streams to replace current low risk, low yielding Treasury and bond options. Going beyond those familiar names, you can find excellent dividend-paying stocks by following a few guidelines. Look for companies that pay a dividend yield of around 3%, with positive annual dividend growth. The growth rate is key to help combat the effects of inflation. Here are three dividend-paying stocks retirees should consider for their nest egg portfolio...

Manulife Financial (MFC) is currently shelling out a dividend of $0.19 per share, with a dividend yield of 3.77%. In terms of dividend growth, the company's current annualized dividend of $0.76 is up 12.04% from last year. Newell Brands (NWL) is paying out a dividend of 0.23 per share at the moment, with a dividend yield of 4.82%. Taking a look at the company's dividend growth, its current annualized dividend of $0.92 is flat compared to last year. Currently paying a dividend of 0.36 per share, Plains All American Pipeline (PAA) has a dividend yield of 7.56%. Looking at dividend growth, the company's current annualized dividend of $1.44 is up 20% from last year.

Source: Yahoo Finance

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