investing.com 07 Jan, 2021 07:30 am

3 Top Dividend Stocks To Boost Your Retirement Income

Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: S&P 500, SPDR S&P 500, Costco Wholesale Corp, Broadcom Inc. Read Investing.com (Haris Anwar/Investing.com)'s latest article on Investing.com

Costco’s extensive store network and its subscription-based retail model provide the stability to its revenue that long-term investors desire.With the pandemic still raging, cyclical stocks such as banks aren’t going to produce massive gains for investors, but this is also a good time for long-term investors to lock in their higher yields.With the growing use of cloud computing and introduction of 5G-enabled phones, Broadcom is well-positioned to continue with its growth trajectory and provide increasing income to its long-term investors.In this group, we particularly like Royal Bank of Canada (NYSE: RY ) (TSX: RY ), Canada’s biggest lender.

With a 4% yield, Royal Bank of Canada is certainly a top dividend stock to consider.During the past decade, the bank’s per-share annual payout has grown from $2.

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3 Top Dividend Stocks To Boost Your Retirement Income

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