The Covid-19 pandemic has sparked a worldwide trend of early retirement. Due to the global health crisis, over 3 million people will retire early in 2020. Americans expect to retire before the age of 62 by 50 percent, up 2 percentage points compared to the year prior. By the time a person reaches the age of 60 in the United States, they typically have $172,000. Annual dividend income from a $1 million portfolio could reach $20,000 on average. JPMorgan Chase & Co. and Verizon Communications are two of the best dividend-paying stocks for retirees.
Insider Monkey analyzes the list of the best dividend stocks for retirement. Hedge fund sentiment toward Costco Wholesale Corporation remained positive in the third quarter, according to data compiled by Insider Monkey. As of the end of the third quarter, a total of 55 hedge funds monitored by Insider Monkey were bullish on the company. There is approximately $4.4 billion worth of stakes in this company. On November 18, 2021, CVS Health Corporation saw its shares rise by 2.2% over the previous day. As part of the company’s new retail strategy, it emphasized the importance of its digital assets. Seaport Global has a Buy rating and a $110 price target on the stock. The Eastman Chemical Company is an American manufacturer of metals, chemicals, and fibers essential to our everyday lives. A 28.3 percent increase in revenue was achieved in the third quarter of this year compared to the same period last year. There is a yearly dividend payment of $2.04 per share, with a three-year dividend growth of 112.5 percent for Citigroup Inc. The current dividend yield on the stock is 3.18 percent. Citigroup’s third-quarter revenue of $17.1 billion exceeded analysts’ expectations by $220 million. For more details, click the 15 Best Dividend Stocks For Retirement.