2 Magnificent Dividend Stocks I Plan to Add to My Retirement Account in April
I'm self-employed, so I'm on my own when it comes to saving for retirement. I don't have a pension plan or a 401(k) match to help me retire more comfortably. So I take a reasonably cautious approach with my retirement account. I strive to make investments that I firmly believe will grow my retirement nest egg over the long term.
That's why I focus on dividend stocks. They are proven wealth creators. Over the past 50 years, the average dividend stock in the S 500 has delivered a 9.1% average annual total return, outpacing the 7.7% return of an equal-weighted S 500 Index. Meanwhile, dividend growers and initiators have delivered even higher total returns of 10.2%. That data has given me the confidence to load my retirement portfolio with dividend growth stocks.
I plan to add several more dividend growers to my retirement account this April, including (NYSE: CVX) and Rexford Industrial Realty (NYSE: REXR). Here's why I believe they'll help build my retirement nest egg.
Source Fool.com
Chevron Corp. Stock
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 20.21% compared to the current price of 148.9 € for Chevron Corp..
