By: Dividend Sensei
High-yield blue chips can be the best way to fund a comfortable or even rich retirement.
But you have to be very confident that the high-yield blue-chips you own can be depended on in all economic and market conditions.
This 7.1% yielding global aristocrat that’s the 2nd highest quality name in its industry.
It also has the best long-term growth prospects, courtesy of its first-mover advantage in transitioning to a green energy future, and a massive 27 billion CAD growth backlog.
Management is guiding for 12% to 14% CAGR long-term total returns, similar to what it’s delivered since 1991.
Analysts think it could actually grow much faster, delivering almost 18% CAGR annual long-term returns, more than double that of the S&P 500.
This is why I’ve invested $27,000 into this 7.1% yielding global aristocrat in my retirement portfolio.
And why this legendary company could be just what you need to retire rich.