3 Dividend Picks Target Retirees With Yields Up to 10.3%
Updated
Updated · 24/7 Wall St. · Aug 2
3 Dividend Picks Target Retirees With Yields Up to 10.3%
1 articles · Updated · 24/7 Wall St. · Aug 2
Summary
Three stocks were highlighted for baby boomers rebuilding income portfolios: Procter & Gamble as a defensive anchor, Enterprise Products Partners for higher yield, and Ares Capital for double-digit income.
Procter & Gamble offers a 2.92% yield backed by 136 consecutive years of dividends, 70-plus straight annual raises, $15.84 billion in free cash flow, and a quarterly payout lifted to $1.0885.
Enterprise Products Partners yields about 5.67% after raising its distribution to $0.56 per unit, with Q2 adjusted EBITDA up 17% to a record $2.83 billion and coverage at a strong 1.9x.
Ares Capital pays 10.3% on a $0.48 quarterly dividend, supported by a $29.35 billion portfolio and 17 years of stable or rising regular payouts, though non-accruals rose to 2.4% and NAV slipped.
The mix spreads retirement income across three structures—consumer staples, a midstream MLP, and a BDC—balancing stability, yield, and credit risk for long-term cash generation.