Retirement Income: 7 Dividend Stocks Yielding Up to 16.5%

Retirement PlanEarn Retirement Income with These High Yielders?

Almost all investors are on the hunt for a quality retirement income with a big dividend yield to pad their portfolio. But I ask, why stop at one when there are so many great dividend stocks on the market?

Thanks to weak energy prices, a lot of income-friendly firms are currently trading at a discount. Short-term volatility isn’t something to get worked up over when looking for retirement stocks, so the near-term concerns are moot.

What we should be focusing on is simple: dividend yield. If a company pays out big and they pay out often, then you better believe I’m interested. Here are seven great dividend stocks I would consider for my own retirement planning.

1. BP plc

Most people remember BP plc (ADR) (NYSE:BP) for the Deepwater Horizon oil spill in the Gulf of Mexico, but the company is larger than that single incident. It was a terrible event, but if we’re talking about investing, then we should look to the future, rather than the past. BP has paid its fines to the government and has given compensation to local residents and businesses following the Deepwater Horizon incident. (Source: “Deepwater Horizon accident and response,” BP plc, last accessed December 1, 2015.)

There’s something really enticing about BP stock. Currently, investors can get an almost seven percent dividend yield from BP. Personally, I wouldn’t mind owning a blue-chip retirement stock that also pays a juicy dividend. It would be nice to glance at my portfolio and see a pleasant surprise on a regular basis.