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

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...

Amgen (AMGN) is currently shelling out a dividend of $2.13 per share, with a dividend yield of 3.81%. This compares to the Medical - Biomedical and Genetics industry's yield of 0% and the S&P 500's yield of 1.75%. The company's annualized dividend growth in the past year was 9.79%. Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.38 per share at the moment, with a dividend yield of 4.13% compared to the REIT and Equity Trust - Other industry's yield of 4.45% and the S&P 500's yield. The annualized dividend growth of the company was 6.25% over the past year. Currently paying a dividend of $0.79 per share, Eastman Chemical (EMN) has a dividend yield of 3.83%. This is compared to the Chemical - Diversified industry's yield of 1.7% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 3.95%.

Source: Zacks

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