This 4-Stock Dividend Retirement Portfolio Yields 7.3%
May 23, 2016 at 06:00 AM EDT
I’m sure I don’t have to tell you how tough it is to build a dividend retirement portfolio that provides a decent yield these days. Many investors make utility stocks a cornerstone, but that strategy is less appealing this year, with many utilities’ valuations stretched and their yields well below long-term averages. Take Duke Energy (DUK) , America’s biggest utility by market value, whose trailing-twelve-month P/E ratio has climbed to 20.1 from 17.8 at the start of the year. Meantime, its yield has slumped to 4.1% from 4.5%. Duke Gets Pricey The New Cornerstone of Your Dividend Retirement Portfolio But fear not, there’s another group of investments boasting even higher yields than utilities; I’m talking payouts... Read more