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4 Retirement Stocks Paying Dividends of 4% or More

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When the price of a dividend stock climbs, its yield falls. As a result, a rising stock market, such as we've had of late, can make it harder for income investors to find attractive dividend payers. Indeed, the current dividend yield on Standard & Poor's 500-stock index is just 2.1%, down from 2.3% a year ago. For retirees dependent on investment income, a 2.1% yield won't even keep up with inflation in 2017, according to Kiplinger's latest forecast.

True, investors can buy stocks with unusually high yields, but such names typically come with greater risks. A too-good-to-be-true yield can be a red flag about a company's financial health and an indicator that the dividend isn't sustainable. That's why dependable, high-quality stocks with above-average dividend yields are such important components of a retirement portfolio. Here are four great dividend stocks that are paying double the yield of the blue-chip S&P 500 index.

(All prices and other data are as of January 9, 2017. Figures are based on the average of analysts’ forecasts for calendar 2017, as compiled by Zacks Investment Research, unless otherwise noted. Stocks are listed alphabetically.)

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