Best Dividend Stocks for Retirement - 2024
When planning for retirement, choosing the right dividend stocks can play a crucial role in securing a steady income stream while preserving capital. Dividend-paying stocks, particularly from well-established companies with a history of consistent payouts, are attractive to retirees because they offer reliable, passive income alongside potential capital appreciation. These stocks are typically from stable industries such as utilities, healthcare, and consumer goods, which tend to perform well even during economic downturns. We’ll highlight the best dividend stocks for retirement, providing insight into why these investments are a solid choice for retirees looking to generate income and protect their financial future.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| Johnson & Johnson | 3.73% | 59.38% | 27.03% | 5.55% | 0.21% | 5.83% | 6.14% |
| Procter & Gamble | 2.93% | 91.23% | 40.33% | 8.03% | 0.21% | 5.63% | 4.67% |
| Coca-Cola | 3.46% | 75.57% | 28.10% | 11.58% | 0.41% | 3.36% | 5.09% |
| PepsiCo | 3.78% | 75.99% | 25.63% | 12.33% | 0.49% | 6.63% | 8.24% |
| McDonald's | 2.65% | 56.79% | 27.23% | -46.89% | -1.73% | 8.26% | 7.16% |
| Altria | 9.95% | 67.28% | 8.47% | -28.52% | -2.69% | 5.06% | 7.63% |
| AbbVie | 4.11% | 201.82% | 62.54% | 49.26% | 0.57% | 10.52% | 13.98% |
| Merck & Co | 3.61% | 55.64% | 19.67% | 6.20% | 0.34% | 8.26% | 5.52% |
| Pfizer | 5.79% | -360.95% | -62.87% | 1.86% | -0.03% | 4.08% | 5.50% |
| Exxon Mobil | 3.15% | 45.65% | 15.25% | 1.94% | 0.16% | 2.64% | 4.11% |
| Chevron | 4.24% | 62.19% | 14.72% | 1.73% | 0.12% | 6.16% | 4.47% |
| Home Depot | 2.20% | 58.41% | 26.93% | 90.01% | 6.78% | 15.20% | 18.28% |
| Lowe's | 1.63% | 36.59% | 22.31% | -11.23% | -0.47% | 19.29% | 20.25% |
| IBM | 2.87% | 72.25% | 25.35% | 8.90% | 0.36% | 1.32% | 6.01% |
| Kimberly-Clark | 4.40% | 95.24% | 27.31% | 36.13% | 1.55% | 3.37% | 3.83% |
| General Mills | 4.31% | 56.29% | 16.11% | 4.17% | 0.26% | 2.89% | 4.76% |
| Hershey | 2.89% | 55.23% | 20.13% | 9.27% | 0.46% | 10.09% | 9.43% |
| Mondelez International | 2.45% | 57.16% | 24.28% | 3.46% | 0.14% | 11.03% | 9.23% |
| CVS Health | 5.85% | 45.29% | 9.93% | 0.95% | 0.10% | 3.89% | 10.40% |
| Johnson Controls International | 1.92% | 61.94% | 32.32% | 3.28% | 0.10% | 7.17% | 8.84% |
| Southern | 3.05% | 65.44% | 22.13% | 3.14% | 0.14% | 3.16% | 3.28% |
| Duke Energy | 3.44% | 75.16% | 21.55% | 1.86% | 0.09% | 2.24% | 2.77% |
| American Electric Power | 3.51% | 69.60% | 20.12% | 2.03% | 0.10% | 5.90% | 5.62% |
| Consolidated Edison | 3.12% | 60.77% | 20.52% | 1.70% | 0.08% | 2.53% | 2.79% |
| Waste Management | 1.75% | 46.07% | 33.29% | 11.36% | 0.36% | 8.52% | 6.73% |
| Republic Services | 1.07% | 35.11% | 34.07% | 5.84% | 0.18% | 7.42% | 7.60% |
| S&P Global | 0.88% | 34.34% | 48.37% | 4.61% | 0.10% | 12.47% | 12.39% |
| Moody's | 0.71% | 30.20% | 42.55% | 21.82% | 0.55% | 11.84% | 13.09% |
| Visa | 0.73% | 21.48% | 29.80% | 14.33% | 0.48% | 16.27% | 3.01% |
| JPMorgan Chase | 2.05% | 19.89% | 11.92% | 1.85% | 0.16% | 10.31% | 11.53% |
| Aflac | 1.71% | 18.74% | 11.57% | 2.43% | 0.23% | 5.26% | 1.70% |
| Travelers Companies | 1.99% | 20.76% | 12.98% | 2.13% | 0.18% | 5.34% | 7.20% |
| Prudential Financial | 4.10% | 65.64% | 15.84% | 1.61% | 0.10% | 6.79% | 11.20% |
| Realty Income | 4.88% | 286.57% | 65.71% | 1.43% | 0.02% | 3.00% | 3.46% |
| Public Storage | 4.48% | 110.79% | 28.26% | 6.05% | 0.21% | 8.45% | 8.83% |
| Prologis | 3.96% | 84.09% | 35.94% | 2.09% | 0.06% | 12.63% | 12.00% |
| American Tower | 3.69% | 122.40% | 41.55% | 26.82% | 0.60% | 15.41% | 19.35% |