By: Dividend Sensei
Record-low interest rates and a 29% overvalued stock market mean that a 60/40 retirement portfolio could deliver -1.3% annual income growth during retirement and a steadily lower standard of living.
Thankfully, this high-yield dividend aristocrat can help you more than triple your retirement income, retire rich, stay rich in retirement, and help your kids retire even richer.
This high-yield aristocrat is the industry leader in transitioning to renewable energy. It has a $10 trillion growth opportunity in offshore wind alone.
The bond market is willing to lend to this dividend growth legend for 90 years, meaning the smart money on Wall Street thinks it will likely survive and thrive for at least another century.
This 6.4% yielding aristocrat is trading at 8.8X cash flow, pricing in 0.2% long-term growth. Management says it can grow at 5% to 7% for decades, and analysts think it will grow at 8.4%. It offers 12.4% long-term total return guidance, 25% more than the S&P 500, and 3X the risk-adjusted expected returns over the next five years.
In other words, this high-yield aristocrat can not only help triple your retirement income today but is also a long-term rich retirement dream stock.