Top Dividend Stocks for Retirees: Safe 6%+ Yields

Pfizer and Verizon Communications are two high-yield dividend stocks that retirees can consider for long-term investment, offering yields of 6.8% and 6.5% respectively. Despite challenges like patent cliffs for Pfizer and slow growth for Verizon, both companies have strategies in place to maintain and potentially grow their dividends. Pfizer is focusing on innovation and acquisitions, while Verizon is expanding its fiber footprint through a planned acquisition of Frontier Communications. These factors make them relatively safe options for income-focused investors.