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ith interest rates on safe money securities, from Treasurys to bank CDs, near zero, the editors at Forbes asked us to come up with a listing of dividend stocks appropriate for yield seeking retirees. The list of stocks below contains our top picks based on our proprietary DividendRank model as well as a selection of high yielding picks from one of our sister Web sites, ValueForum. ValueForum is an exclusive Web community of more than 1,200 investors where top members share investment advice and ideas. The picks below represent some of the best current ideas from the community. The first three stocks mentioned come from a proprietary screen developed by DividendChannel.com. Each month we cull from our universe of dividend paying stocks scanning a variety of financial data, including dividend yield, book value, quarterly earnings and dividend history. We then rank the stocks according to their financial strength and valuation relative to other stocks in their industry.

THE NUMBER 1 DIVIDENDRANKED DJIA COMPONENT CHEVRON (CVX)

Yield: 3.5% Sector: Oil & Gas Refining & Marketing Market Cap: $204.2B Price to Book: 1.7 Forward P/E: 7.6 Number of ETFs holding CVX: 95 (see which ones) Chevron is engaged in petroleum, chemicals, and mining operations, power generation and energy services.

Source for all charts: Yahoo Finance

Disclaimer: Employees, officers, family, associates, corporations, companies and entities related to BNK Invest and its publishers, and ValueForum members cited in this article may have positions or business interests in securities, ETFs or commodities covered.

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THE NUMBER 1 DIVIDENDRANKED NASDAQ 100 COMPONENT INTEL (INTC)

Yield: 3.1% Sector: Semiconductors Price to Book: 3.0 Forward P/E: 11.4 Number of ETFs holding INTC: 101 (see which ones) Market Cap: $137.7B

Intel designs and manufactures integrated digital technology platforms. The company's platforms are used in a range of applications, such as personal computers, data centers, tablets, smartphones, automobiles, automated factory systems, and medical devices.

THE NUMBER 1 DIVIDENDRANKED DOW TRANSPORTS COMPONENTS NORFOLK SOUTHERN (NSC)

Yield: 2.7% Sector: Railroads Price to Book: 2.3 Forward P/E: 11.8 Number of ETFs holding NSC: 65 (see which ones) Market Cap: $22.3B

Norfolk Southern controls a freight railroad, Norfolk Southern Railway Company, which is primarily engaged in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East and Midwest and, via interchange with rail carriers, to and from the rest of the United States.

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Below are the selections from our sister site ValueForum.com.

BLACKROCK BUILD AMERICA BOND TRUST (BBN)
Yield: 7.1% Selected by David Folger Build America bonds are munis that carry a Federal subsidies for interest. They were issued by states and the Federal subsidies were part of a stimulus program that was in place from near the beginning of 2009 to the end of 2010 when the last Build America bonds were issued. These funds pay interest that is NOT tax free, and they are not guaranteed by the Federal Government. So investors must realize that there is some risk and information about credit ratings of the portfolios of the bond funds should be considered. These funds pay a bit more than 7% and are monthly payers. The NAV has risen quite nicely over the last year providing an additional return. The funds typically sell at a discount to NAV. As long as interest rates remain low, these funds should continue to do well. David Folger holds a MS in Electrical Engineering from UC Berkeley and has worked in several Silicon Valley companies and as a computer industry analyst advising large IT organizations on information technology strategies. He invests in real estate as well as stocks and bonds.

AMERICAN CAPITAL AGENCY (AGNC) Yield: 15.6% AMERICAN CAPITAL MORTGAGE (MTGE) Yield: 15.2%

Selected by James Copeland American Capital Agency is a real estate investment trust that invests in residential mortgage passthrough securities and collateralized mortgage obligations. These investments consist of securities for which principal and interest are guaranteed by government-sponsored entities such as Federal National Mortgage Association and Federal Home Loan Mortgage, or by a U.S. Government agency such as the Government National Mortgage Association. American Capital Mortgage Investment is a Maryland corporation formed to invest in and manage a leveraged portfolio of agency mortgage investments, non-agency mortgage investments and other mortgage-related investments. American Capital Agency and American Capital Mortgage in the mREIT space are best of breed. Yes, there is risk, but in these days of no yield, a retiree must have some income and mREIT dividends pay at 14%-16%.

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MV OIL TRUST (MVO)

Yield: 10.4% Selected by James Copeland MV Oil Trust is a statutory trust formed by MV Partners. Its underlying properties consist of MV Partners' net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in Kansas and Colorado. These oil and gas properties include about 1,000 producing oil and gas wells. As of December 2010, it had total estimated proved reserves of 8.3 million barrels of oil equivalents. Why MVO? It's 90% oil, it's unhedged, and it's in Kansas and Colorado.

FREEPORT-MCMORAN COPPER & GOLD (FCX)

Yield: 3.5% Selected by James Copeland FCX is a copper, gold and molybdenum mining company. It has properties located in North America, South America, Africa and Indonesia. It operates five primary divisions that include North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum operations. Its products consist of gold; copper products such as copper concentrate, copper cathode, continuous cast copper rod; and molybdenum and molybdenumbased chemicals. It also produces cobalt hydroxide, silver, and other metals. Copper and gold. Both are out of favor now so the price is low. Dividend at 3.5%. If the world economy improves FCX will return to $70 print. Meanwhile it pays you to wait and gives you a gold hedge. The above four recommendations would be my picks to juice up a retirement portfolio of bonds and blue chips. James Copeland is a retired economics and debate teacher.

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CAPSTEAD MORTGAGE (CMO)

Yield: 12.4% Selected by Barry Zern CMO is a mortgage REIT that invests only in government insured mortgages. It invests exclusively in adjustable rate mortgages. CMO is one of the safest investments on the NYSE and certainly the safest mortgage REIT. It is really a closed-end bond fund that is both leveraged and hedged. It is the hedging combined with the short duration government guaranteed ARMs in its portfolio that reduce its risk far below other bond funds and stocks. The leverage provides the high yield. Its current yield is about 13%. Because it is a REIT and pays out all its income there is very little capital appreciation. Barry Zern was formerly an economist for a large Wall Street brokerage firm and later a chief investment officer of an insurance company. Currently his primary business interest is in importing from China.

PETROBAKKEN ENERGY (PBKEF), (PBN.TO)

Yield: 7.4% Selected by Daniel Ross My nomination for a retirement income stock that should be in every retirement portfolio is PBKEF or PBN.CA, PetroBakken. This is a light oil producer paying a generous 7.4% dividend, selling for 3.7 times trailing cash flow (less than 3 times forecast current year's cash flow) and growing production at ~15% per year. Moreover, PBN has a huge inventory of drilling sites to develop. Because the drilling is developmental, in well known reservoirs, drilling horizontal wells and fracking them is almost an industrial process, with minimal dry hole risk. They are simply applying new technology to recover known resources that could not be recovered with earlier technology. PBN has more than 600 well sites waiting drilling in the Cardium play, where PBN is getting excellent financial results. Hundreds more sites wait in the Canadian Bakken. I find this combination of decent income and "baked in" growth practically unique in the oil patch, and I think all prudent investors should have some oil in the portfolio. Daniel Ross is a retired lawyer from the FDIC, previously at DOJ Tax Division.
See our special feature In Search of Retirement Income for more retirement strategies.

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