3 Dividend Stocks Every Boomer Should Own for Reliable Income

"Either way, it's a good time to start focusing on income instead of growth. Most retirees no longer have the stomach for moonshot growth stories or the patience to ride out another tech tantrum. What they want, and arguably need, is money that shows up on schedule and beats the meager interest offered by bank CDs. That is exactly why dividend stocks have become the quiet backbone of countless boomer portfolios."

"Energy Transfer (ET) is one of the largest midstream energy companies you can invest in. The company owns and operates energy infrastructure and transports natural gas and crude oil. It does not have much exposure to fluctuating energy prices and mainly makes money through long-term volume-based contracts. This stability translates over into share prices, which have been on a consistent upward trajectory for the past five years, beating even the QQQ."

"Obviously, the next five years are unlikely to be as stellar, as ET's gains were partly due to a post-COVID recovery. Nonetheless, this is one of the most concrete dividend investments you can make in the current environment. Midstream companies are detached from the tariff drama, and they are benefiting from the energy export boom to Europe as European countries switch from Russia to North America for their energy needs. The outlook remains positive for this midstream company."

Baby boomers aged 60 to 79 should shift investing priorities from growth to income as retirement nears or continues. Many retirees prefer reliable cash flow and lower volatility instead of chasing high-growth tech stocks. Dividend-paying companies provide scheduled payouts and historically tend to weather recessions and produce steadier total returns. Energy Transfer (ET) is a large midstream energy company that earns revenue from long-term volume-based contracts, limiting exposure to commodity-price swings. ET has delivered consistent share-price gains, benefits from increased energy exports to Europe, and offers a high dividend yield of 7.81%. Midstream companies are generally detached from tariff disputes and can capitalize on shifting global energy supply chains.

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