3 Rock-Solid Dividend Stocks That Are Ideal for Retirees

Group 1: AbbVie - AbbVie offers a high dividend yield of 3.8%, significantly above the S&P 500 average of 1.4% [2] - The company has a strong dividend growth history, with over 50 years of increases, earning it the title of Dividend King [2] - AbbVie has a low beta value of 0.6, indicating stability and lower volatility compared to the market [2] - The company reported flat revenue of $9 billion for Q1 2024, despite a 36% decline in revenue from its top-selling drug Humira due to competition [3] - AbbVie has made strategic acquisitions, including Immunogen for $10.1 billion and a pending acquisition of Cerevel Therapeutics for $8.7 billion [2][3] Group 2: AT&T - AT&T currently offers a high dividend yield of 6.6%, making it an attractive option for dividend-seeking investors [4] - The company has faced challenges, including a failed merger with WarnerMedia and concerns over lead-covered cables, but these issues are not expected to significantly impact long-term performance [4] - AT&T's revenue for Q1 2024 was $30 billion, flat compared to the previous year, with operating income slightly down at $5.8 billion [5] - Free cash flow increased to $3.1 billion, more than tripling from $1 billion, indicating strong financial health [5] - The dividend payout ratio is around 60%, suggesting that the dividend is safe [5] Group 3: ExxonMobil - ExxonMobil provides a dividend yield of 3.3% and has raised its dividend payments for 41 consecutive years, making it a reliable income investment [7] - The company reported per-share earnings of $2.06 for Q1 2024, down from $2.79 a year ago, but still above its quarterly dividend payment of $0.95 [6][7] - ExxonMobil has recently completed the acquisition of Pioneer Natural Resources, enhancing its upstream portfolio in the Permian Basin [7] - The company is well-positioned to withstand fluctuations in oil prices, benefiting from rising prices while maintaining stability [6]