3 Top Dividend Stocks to Maximize Your Retirement Income

We feel that these dividend-paying equities - as long as they are from high-quality, low-risk issuers - can give retirement investors a smart option to replace low-yielding Treasury bonds (or other bonds). 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:

Atlas (ATCO) is currently shelling out a dividend of $0.13 per share, with a dividend yield of 6.67%. In terms of dividend growth, the company's current annualized dividend of $0.5 is flat compared to last year. Big Lots (BIG) is paying out a dividend of 0.3 per share at the moment, with a dividend yield of 3%. Taking a look at the company's dividend growth, its current annualized dividend of $1.2 is flat compared to last year. Currently paying a dividend of 0.36 per share, Cisco Systems (CSCO) has a dividend yield of 3.1%. Looking at dividend growth, the company's current annualized dividend of $1.44 is up 2.86% from last year.

Source: Yahoo Finance

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