By: Dividend Sensei
Despite the market being 37% overvalued, blue-chip bargains are bountiful. That includes this legendary dividend king, which is the 2nd best performing stock of the last 50 years. This blue-chip yields almost 8%, has a very safe and steadily growing dividend, and analysts expect it to could deliver Buffett-like returns over the next five years.
My conviction in this recommendation is so high I’ve invested almost $20,000 into this company in the last few months in my retirement portfolio.