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

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 way to identify suitable candidates is to look for stocks with an average dividend yield of 3%, and positive average annual dividend growth. Many stocks increase dividends over time, helping to offset the effects of inflation. Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.

Northrim BanCorp (NRIM) is currently shelling out a dividend of $0.34 per share, with a dividend yield of 5.18%. In terms of dividend growth, the company's current annualized dividend of $1.36 is up 13.33% from last year. PLDT (PHI) is paying out a dividend of 0.52 per share at the moment, with a dividend yield of 3.51%. Taking a look at the company's dividend growth, its current annualized dividend of $1.04 is up 12.27% from last year. Currently paying a dividend of 0.2 per share, Sinclair (SBGI) has a dividend yield of 3.76%. Looking at dividend growth, the company's current annualized dividend of $0.8 is flat compared to last year.

Source: NASDAQ

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