2 Dividend Stocks That Can Help You Retire Early
If you have a strong portfolio with dividend income rolling in every few months, you can put yourself in a great position to retire early. Not only can the dividend income pad your returns and help your portfolio grow in value over the years, but it can also lessen your financial need to have other sources of income. Plus, if the companies you've invested in over the years increase their dividend payments, you'll also be collecting more recurring income, making it that much easier to retire early.
A couple of dividend stocks with impressive track records for making regular dividend payments include Medtronic (NYSE: MDT) and Enbridge (NYSE: ENB). These stocks can be pillars to build your portfolio around and are investments that can help you retire early.
Medical-device maker Medtronic didn't have a strong year in 2022 because it's still facing supply chain issues. As a result, its numbers aren't as great as they otherwise would be. For the three-month period ended Oct. 28, the company's sales of $7.6 billion were down 3% year over year due to foreign currency transactions and weaker demand than expected, which it says reflects a "slower supply recovery."
Source Fool.com
