Dividend investing is a popular choice for retirees. These dividend stocks for retirees offer steady cash flow that can help you achieve the 4% rule without selling any of your shares.

High-yielding dividend stocks can still generate good returns. At the same time, these stocks are often less risky than growth stocks. Investors can use these types of assets to ride off into the sunset and have less financial stress.

However, no dividend stock is a safe bet. Every company has its level of risk. Investors can look for reliable companies that have been around for a while or have competitive moats to ensure dividend payments in the years to come.

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These are some of the top dividend stocks retirees may want to consider.

Prudential (PRU)

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Prudential (NYSE:PRU) has been offering insurance policies for almost 150 years. That’s the type of track record many retirees want in a dividend stock. Prudential isn’t the type of stock to outperform the stock market. It’s down 5% throughout the past five years, which doesn’t look good on the surface.

While stock price appreciation isn’t one of the stock’s strengths, it has a 5.50% dividend yield that will get any retiree’s attention. That’s a higher yield than many real estate investment trusts, and those REITs don’t even offer qualified dividends.

Prudential also serves as a good candidate for out-of-the-money covered calls for extra cash flow if you are interested in options trading.

Prudential generated $511 million in net income in the second quarter. The firm also has $4.5 billion in liquid assets and $1.415 trillion in assets under management. Prudential doesn’t only make money with insurance policies. Wealth management services are another component of the company’s business model.

Prudential continues to return capital to shareholders. In the second quarter, the company repurchased $250 million worth of shares and distributed $463 million in dividends.

IBM (IBM)

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IBM (NYSE:IBM) has been an aging, flat stock for quite some time. It’s easy to see why the name doesn’t drive much excitement. Shares are down by more than 10% throughout the past 10 years.

The company’s 4.60% dividend yield makes the long-term loss more palatable. You even end up with a net gain if you include dividend payments.

However, it’s not just the high dividend yield anymore. IBM has been turning the corner and generating meaningful growth for shareholders. IBM shares have gained 30% throughout the past five years.