Top Safe Stocks to Buy Near Retirement
UGI has been a reliable and sustainable service provider for 35 years, and it has paid dividends continuously for 138 years. Despite the financial crisis that persisted throughout the pandemic of 2020, people remained dependent on gas and propane, enabling UGI to maintain a constant cash flow. The company wants to rely less on fossil fuels in the future and switch to greener, more sustainable energy sources, such as gas collected from landfills. The stock currently yields 3.28 percent.
United Parcel Service, Inc. (UPS) is a large, profitable postal service with a long history of paying dividends. The company has a current dividend yield of 3.39 percent and is certain to continue doing so in the future.
Chevron has paid a dividend to its owners for 35 years, displaying its flexibility in every economic environment. The rise in oil prices that has taken place since they hit a 2020 coronavirus pandemic low has benefited Chevron.
Duke Energy, one of the largest electric firms in the country, pays a cash return on each share of common stock and has plans to soon transition to using more renewable energy while also modernising, influencing, and expanding its reach. The firm presently yields a handsome 3.56 percent. Through 2016, Duke Energy expects share prices to increase by 5 to 7 percent. ..
The Walgreens Boot Alliance (WBA) is a coalition of health-care providers and consumers who are committed to helping their members save money on their prescriptions. The alliance was formed in 2013 to promote cost-effective, high-quality prescription drugs at Walgreens stores.
The safety of a stock is assessed by several factors, including a consistent cash flow backed by a product line that is profitable even in difficult economic environments, and a substantial dividend yield. Walgreens Boots Alliance is one of the most stable stocks in the market, with a 5-year beta of 0.54 and an annualized dividend yield of 4.50%.
Leggett & Platt is a manufacturer of mattresses, automobiles, flooring, furniture and other durable items. The firm has been raising its dividend for 51 years and its current 4.53 percent dividend yield reflects this. The company credits its dividend performance to its focus on producing goods that are necessary to consumers but only account for a tiny fraction of the cost of the goods. This firm is a wonderful alternative for retirement stocks for people searching for large dividends and wants to further extend its markets to include a 6 to 9 percent yearly growth. ..
Kimberly-Clark is a reliable defensive investment because it sells products like toilet paper, diapers, paper towels, and feminine care products that people often buy regardless of how the economy is doing. As a result, the business has healthy cash flow, which helps to pay its current 3.54 percent dividend. Since Kimberly-Clark’s product portfolio is so diverse, even if some segments are performing poorly, the corporation has enough other high-quality items to make up for that shortcoming.
Conclusion
These are the best stocks to buy near retirement if you’re looking for a safe and secure investment. You can research more and plan accordingly to find the stocks and assets that will provide you with the best chance to beat inflation over time.
