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.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Cash flow is what retirees can expect from Verizon Communications stock. They can generate a boatload of it from the stock's lavish dividend, which yields close to 6.1%. It's a payout that almost seems too good to be true for a top telecom stock. The stock has risen 14% this year and has begun to rally after a pullback that spanned multiple years. Rising interest rates have weighed on many telecom stocks, even though their underlying businesses remain sound. Verizon is a prime example of that.
The business pays its shareholders a ton of cash and also generates plenty of it. In the trailing 12 months, Verizon's free cash flow has totaled more than $20 billion, easily enough to cover the roughly $12 billion it paid in dividends during that period. That also puts it in an excellent position to raise its cash dividend payments in the future.
#cash
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.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Cash flow is what retirees can expect from Verizon Communications stock. They can generate a boatload of it from the stock's lavish dividend, which yields close to 6.1%. It's a payout that almost seems too good to be true for a top telecom stock. The stock has risen 14% this year and has begun to rally after a pullback that spanned multiple years. Rising interest rates have weighed on many telecom stocks, even though their underlying businesses remain sound. Verizon is a prime example of that.
The business pays its shareholders a ton of cash and also generates plenty of it. In the trailing 12 months, Verizon's free cash flow has totaled more than $20 billion, easily enough to cover the roughly $12 billion it paid in dividends during that period. That also puts it in an excellent position to raise its cash dividend payments in the future.
#cash
2 months ago
