5 Excellent Dividend Stocks For Retirement Income

By Larry Gellar We’ve identified 5 high-dividend stocks that can help investors bring in additional retirement income. Bristol-Myers Squibb (BMY) and GlaxoSmithKline (GSK) are two terrific pharmaceutical companies. Meanwhile, Sempra (SRE), Sonoco (SON), and Seagate (STX) operate in other lucrative sectors. Let’s see what’s been happening with these 5 stocks: Sonoco Products Co. has a dividend yield of 3.50%. That yield has actually been boosted by a sharp decrease in the stock price due to a recent announcement from Sonoco. Indeed, the company has said that lower demand will hurt earnings for the fourth quarter, although cost-cutting initiatives are on the way. One such move is to decrease the number of divisions in the company now that it has acquired Tegrant Corp. More information about that transaction can be found here, and Tegrant is a big player in the market for retail security packaging. On the other hand, tube and core volume has fallen somewhat, and that trend will need to be reversed for the company to get back on track. We think Sonoco will be able to keep up its dividends, however, and dividends may even be increased as the economy improves. Important competitors for Sonoco include Bemis (BMS)…