BXSL - If I Had To Retire With 10 Dividend Aristocrats It Would Be These
2024-05-25 07:15:00 ET
Summary
- Dividend Aristocrats are generally excellent stocks for a retiree's passive income portfolio.
- They generally have wide moats, strong balance sheets, excellent management teams, and the ability to navigate all sorts of economic environments.
- We provide a diversified portfolio of 10 Dividend Aristocrats that have the potential to fund living expenses indefinitely and grow at a rate that beats inflation.
I recently published an article titled "If I Had to Retire with Only Five Stocks, It Would Be These." In that article, I highlighted five high-quality stocks that offered a very attractive combination of current dividend income along with dividend sustainability through various market cycles, as well as the potential to continue growing that dividend at a rate that meets or even beats inflation over the long term. Those five stocks are Enterprise Products Partners ( EPD ), Brookfield Renewable Partners ( BEP )( BEPC ), Brookfield Asset Management ( BAM )(BAM:CA), W. P. Carey ( WPC ), and Blackstone Secured Lending Fund ( BXSL ). Unfortunately, only one of those stocks meets the 25-year-plus payout growth streak qualification necessary to be considered a Dividend Aristocrat, and even that one, Enterprise Products Partners, as an MLP, is not technically included in the list of Dividend Aristocrats ( NOBL ). However, for the purposes of this article, which is exploring a hypothetical 10-stock retirement portfolio made up entirely of Dividend Aristocrats, I will classify it as one given that what I'm really concerned about is the dividend growth streak and not some other aspect of the company that qualifies it to belong in a certain index or not....
If I Had To Retire With 10 Dividend Aristocrats, It Would Be These