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.

StockDividend YieldPay-out RatioP/E RatioP/B RatioROE5y Dividend Growth10y Dividend Growth
Johnson & Johnson3.22%79.71%24.98%5.23%0.21%5.83%6.14%
Procter & Gamble2.26%66.12%28.87%7.97%0.29%5.63%4.67%
Coca-Cola3.05%78.28%26.31%10.33%0.40%3.36%5.09%
PepsiCo2.46%75.99%23.73%11.41%0.49%6.63%8.24%
McDonald's2.30%58.34%25.60%-40.77%-1.69%8.26%7.16%
Altria6.96%66.57%9.42%-27.94%-2.72%5.06%7.63%
AbbVie3.42%212.79%62.69%53.23%0.66%10.52%13.98%
Merck & Co3.02%63.72%21.23%5.79%0.29%8.26%5.52%
Pfizer6.57%221.76%34.00%1.57%0.05%3.82%5.50%
Exxon Mobil3.26%47.99%15.58%1.95%0.14%2.64%4.11%
Chevron4.03%70.19%17.48%1.87%0.10%6.16%4.47%
Home Depot2.10%60.05%29.12%73.54%4.47%15.20%18.28%
Lowe's1.64%37.18%22.70%-11.59%-0.48%19.29%20.25%
IBM2.91%95.65%32.94%8.62%0.27%1.32%6.01%
Kimberly-Clark3.54%62.10%17.62%35.74%2.38%3.37%3.83%
General Mills3.59%56.29%15.45%4.00%0.26%2.89%4.76%
Hershey3.05%59.32%20.49%8.64%0.43%10.09%9.43%
Mondelez International2.69%60.30%22.74%3.12%0.14%11.03%9.23%
CVS Health4.49%66.07%14.86%0.99%0.07%3.89%10.40%
Johnson Controls International1.78%58.65%32.52%3.44%0.11%7.17%8.84%
Southern3.32%63.19%20.04%2.84%0.15%3.16%3.28%
Duke Energy3.64%92.18%20.29%1.79%0.09%2.24%2.77%
American Electric Power3.64%71.42%19.90%793.46%0.14%5.90%5.62%
Consolidated Edison3.40%59.16%18.31%1.54%0.09%2.53%2.79%
Waste Management1.00%45.06%34.19%11.32%0.36%8.52%6.73%
Republic Services1.02%34.17%34.23%6.01%0.18%7.42%7.60%
S&P Global0.70%32.01%45.40%4.74%0.10%12.47%12.39%
Moody's0.69%30.20%44.78%22.97%0.55%11.84%13.09%
Visa0.69%21.36%31.76%16.02%0.50%16.27%3.01%
JPMorgan Chase1.88%26.69%13.02%2.03%0.16%10.31%11.53%
Aflac1.87%27.72%15.64%2.40%0.16%5.26%1.70%
Travelers Companies1.57%20.76%13.04%2.14%0.18%5.34%7.20%
Prudential Financial4.09%45.82%11.07%1.49%0.14%6.79%11.20%
Realty Income5.58%291.48%55.46%1.27%0.02%3.00%3.46%
Public Storage3.57%121.41%31.02%6.12%0.19%8.45%8.83%
Prologis3.22%113.05%34.97%2.03%0.06%12.63%12.00%
American Tower3.16%276.77%87.43%26.66%0.28%15.41%19.35%