Retirees: 3 High-Yielding Dividend Stocks to Buy for Long-Term Stability and Recurring Cash Flow
These stocks pay between 3.4% and 6.1% in dividends.
Overview
Prioritizing cash flow and stability can be crucial for investors who are in their retirement years. As investors age, it becomes more important to preserve capital rather than risk it in growth stocks that may or may not achieve their lofty ambitions.
Three stocks that retirees may want to consider for their portfolios today include Verizon Communications (NYSE: VZ), Medtronic (NYSE: MDT), and Duke Energy (NYSE: DUK). These dividend stocks can add diversification, generate a ton of dividend income over the years, and be fairly safe investments to hang on to, even amid market instability.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.