5 Reasons This 8% Yielding Blue-Chip Can Help You Retire Rich

5 Reasons This 8% Yielding Blue-Chip Can Help You Retire Rich

Posted On August 9, 2021 3:13 am

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.

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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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