Three Top Dividend Stocks To Maximize Your Retirement Income

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.

Donegal Group (DGICA - Free Reportis currently shelling out a dividend of $0.15 per share, with a dividend yield of 4.26%. This compares to the Insurance - Property and Casualty industry's yield of 1.55% and the S&P 500's yield of 1.97%. In terms of dividend growth, the company's current annualized dividend of $0.6 is up 1.75% from last year.

Highwoods Properties (HIW - Free Reportis paying out a dividend of 0.48 per share at the moment, with a dividend yield of 4.89% compared to the REIT and Equity Trust - Other industry's yield of 4.63% and the S&P 500's yield. Taking a look at the company's dividend growth, its current annualized dividend of $1.92 is up 1.05% from last year.

Currently paying a dividend of 1.07 per share, Kimberly-Clark (KMB - Free Reporthas a dividend yield of 3.03%. This is compared to the Consumer Products - Staples industry's yield of 0% and the S&P 500's current yield. Looking at dividend growth, the company's current annualized dividend of $4.28 is up 3.88% from last year.

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