Heading into retirement, money is one of the most important aspects of your life you’ll be thinking about, especially if you don’t want to return to the world of work. Although you may have a pension and savings in the bank, being able to invest and make passive income is a great way to maintain your financial freedom.
While typically considered risky, investing your money into safe stocks can be a great way to boost your income, as well as giving you a cash injection for bigger purchases, such as remodelling your home or going away on vacation.
Today, we’re going to explore five of the best retirement stocks of 2019, giving you all you need to know to invest wisely and maintain consistent finances.
#1 – Castle Crown International
With a market value of over $47.7 billion and an average dividend yield of 3.9%, CCI is a popular stock for retirees to invest in. It might also be worth mentioning this is a stock currently sat in Bill Gate’s stock portfolio.
A company that builds and leases radio towers to telecommunications companies like Sprint and AT&T, this is considered an extremely safe stock that isn’t going anywhere over the next couple of years.
#2 – Exxon Mobil
With an outstanding dividend growth streak of over 36 years, Exxon Mobil, which is valued at $320 billion, is an extremely popular stock for retirees because of the consistent growth and return. Exxon is, of course, the giant energy company, and it doesn’t look like it’s going anywhere soon.
The company also plans to invest over $200 million on its itself between the years of 2018 and 2025, so investors can expect more growth in and around this time. If you’re interested in investing in Exxon Mobil stocks, or any stocks for that matter, it’s always a good idea to use professional financial advice, like that of The Entrust Group, to ensure you’re doing everything properly.
#3 – Kimberly-Clark
One of the safest stocks we’re mentioning on this list, Kimberly-Clark is tissue and hygiene product manufacturer and distributor with an incredible 46 years of consistently positive growth with a dividend yield of around 3.4%.
With a total market value of $40.7 billion and having existed itself for over 140 years, KMB has firmly set itself into the industry and looks like it’s ready to hold its ground in this renowned competitive industry.
#4 – Flower Foods
Another impressive stock that’s managed to maintain consistent growth over the last 16 years, Flower Foods (FLO) has a nice dividend yield of 3.8% and is valued at a tasty $4.0. The fresh bakery market is one that’s existed for some time and doesn’t seem to be massively affected by economic problems. Although not fast growing, it is consistent.
#5 – Duke Energy
Duke Energy is one of those companies that as had predictable earnings for many years now and is also one of the most generous payouts. As the title suggests, DUK, which holds a market value of $64.7 billion, supplies energy and power to Midwest and Southeast communities, totalling over 1.6 million customers.
As you can see, there are plenty of stocks out there with the potential to make you a steady amount of income during your retirement years. Regardless of what you’re saving up for or reasons for investing, there’s plenty of safe options to help you succeed.