This 8% Yielding Blue-Chip Is A Dream Recession Retirement Strong Buy

Posted On February 2, 2023 10:18 am
By: Dividend Sensei

The 2023 recession is likely to be mild, but future recessions might not be.

High-yield blue-chips like this one are a great way to generate excellent yield while riding out market storms.

It has a 21-year dividend growth streak, the highest credit rating in the industry, industry-leading profitability and is the highest quality name in its industry.

It yields a very safe 8%, is growing 5.5%, offers 13.3% long-term returns, and could deliver 20% annual returns over the next two years, and 130% returns over the next five.

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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.