3 Dividend Stocks Perfect for Retirees
Once you reach retirement, you're likely to shift from building your nest egg to living off it. This is why retirees often favor dividend stocks, which throw off cash that can be used to cover daily expenses. But you have to be careful about the investments you add to your portfolio, since only searching out high yields can lead you into dangerous territory. Here are three dividend stocks that appear to be a good mix of yield, value, and dividend growth.
With a roughly $60 billion market cap, Enterprise Products Partners (NYSE: EPD) is one of the largest and most diversified midstream players in North America. It owns a collection of energy pipelines, storage, processing facilities, and transportation assets that would be difficult, if not impossible, to recreate. The broader energy sector, however, is out of favor today, and that's left Enterprise's distribution yield at a tasty 6.4%. That distribution, meanwhile, has increased for 22 years and counting.
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Source Fool.com
