Forget AT&T: These 3 High-Yield Blue Chips Are Far Better Retirement Dream Stocks

Forget AT&T: These 3 High-Yield Blue Chips Are Far Better Retirement Dream Stocks

Posted On June 2, 2021 7:33 am

If your facts and reasoning are right, then success on Wall Street is only a matter of discipline, patience, and time.

Facts will always change, sometimes in your favor, and sometimes not. No dividend is absolutely safe, and even aristocrats can fail.

AT&T’s decision to throw away a 37-year dividend growth streak is a disappointing violation of the trust it’s built with income investors over nearly four decades.

But for anyone who bought AT&T at reasonable to attractive valuations, you are likely able to exit your position at a modest to fantastic profit. I made 30% CAGR total returns on this broken thesis investment.

Today 3 companies are potentially wonderful high-yield blue-chip alternatives to the new 3.5% yielding 4% to 6% growing AT&T. They yield a safe 4.3% to 7.8% and analysts expect them to grow at 4.5% to 10.5% CAGR, delivering far better long-term income and total returns.

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About author

Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I'm a proud co-founder of Wide Moat Research, Dividend Kings, and the Intelligent Dividend Investor. My work can be found on Seeking Alpha, Dividend Kings, iREIT, and the Intelligent Dividend Investor. My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams and enrich their lives. With 24 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams and achieving long-term financial goals.

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