Strange but true: seniors fear death less than running out of money in retirement. So what's a retiree to do? You could cut your expenses to the bone, and take the risk that your Social Security checks don't shrink. Or you could find an alternative investment that provides a steady, higher-rate income stream to replace dwindling bond yields. Invest in Dividend Stocks...
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio. Plains All American Pipeline (PAA) is currently shelling out a dividend of $0.36 per share, with a dividend yield of 8.16%. Regions Financial (RF) is paying out a dividend of 0.16 per share at the moment, with a dividend yield of 3.56% compared to the Banks - Southeast industry's yield of 1.8% and the S&P 500's yield. Currently paying a dividend of 0.3 per share, Sandy Spring Bancorp (SASR) has a dividend yield of 3.3%.
Source: NASDAQ
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