By: Dividend Sensei
In our yield-starved world, retirees need safe sources of generous, safe, and growing income to fund their golden years.
This 8% yielding blue-chip is one of the best safe income sources you can buy, even with the market at record highs.
Its offers a safe 8% yield that’s getting safer every year, confirmed by its 22-year dividend growth streak.
The company is trading at 7.8x earnings, the lowest in 20 years, making it 47% undervalued, and an anti-bubble Buffett-style “fat pitch”.
Over the next 5 years, analysts think this global aristocrat could deliver 163% total returns, more than 5x the S&P 500.
As Buffett said, “when it’s raining gold, reach for a bucket, not a thimble”, which is why I’ve invested $126,000 into this company in my retirement portfolios.