By: Dividend Sensei
In our yield-starved world, retirees need safe income to pay expenses, but reaching for yield can be dangerous.
This blue-chip offers the safest high-yield on Wall Street, a mouth-watering 8.5% that’s expected to grow at the rate of inflation over time.
Analysts, bond investors, and credit rating agencies expect its business to be stable or growing for at least the next 30 years as it transitions to a green energy economy.
This 8.5% yielding blue-chip is 34% undervalued and a potentially excellent long-term rich retirement investment for anyone comfortable with its risk profile and K-1 tax form.
I’ve personally invested $141,000 and counting into this high-yield blue-chip across my retirement portfolios, because as Warren Buffett said, “when it’s raining gold, reach for a bucket, not a thimble.”