SJM - 3 Dividend Stocks Ideal for Retirees
If you're a retiree in search of consistent and recurring income, you don't want to see volatility from your investments. Having stable, low-volatility dividend stocks in your portfolio is important to ensure that you can just buy stocks and forget about them, without worrying about wild swings in their value.
That's precisely why Pfizer (NYSE: PFE) , J.M. Smucker (NYSE: SJM) , and Duke Energy (NYSE: DUK) could be great options for retirees today. With dividend yields that pay more than the typical stock on the S&P 500 and long histories behind them, these income-generating investments can be pillars for your portfolio for many years.
Pfizer's COVID-19 vaccine candidate, which it developed with BioNTech , has shown 95% efficacy, and the two companies have applied for emergency use authorization for the drug. It may come as a surprise, therefore, that on a year-to-date basis, Pfizer's stock is down 2% while the S&P 500 is up 12%.
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3 Dividend Stocks Ideal for Retirees