Boring is good when you’re looking for stocks to supplement your Social Security income. You don’t want high-risk, high-reward growth stocks. You want companies with long and profitable histories that have increased their dividends even in tough times. If you’re looking for dividend stocks to generate income in retirement, Procter & Gamble (NYSE:PG), Realty Income (NYSE:O), and Costco Wholesale (NASDAQ:COST) are fabulous options.
1. Procter & Gamble
Procter & Gamble may seem like the kind of stodgy company your grandparents would have invested in. The consumer staples behemoth isn’t exactly known as cutting-edge, though you probably have its products somewhere in your home. Its 65 brands include Pampers diapers, Tide laundry products, Charmin toilet paper, Bounty paper towels, Gillette razors and shaving gel, and Herbal Essences hair care. Even in recessions, people need the products that