"You'll probably be surprised to discover that there are Dow Jones companies that will pay you 2.5% to 3% or even more just to hold on to their stock shares for a year. Thus, here are four Dow picks that don't require you to sacrifice quality just to get good yield for your retirement portfolio."
"That's why Chevron (NYSE:CVX) stock is such a great Dow Jones pick. Impressively, CVX stock is up 83% over the past 25 years. This doesn't guarantee future share-price growth, but it's certainly a positive sign. Besides, recent geopolitical events should remind investors that oil is a crucial global commodity."
"Chevron stock's forward annual dividend yield is 3.76%, and this should be enough to entice any income collector who's in or near retirement. Dow Jones dividend pick number two is Merck (NYSE:MRK), a pharmaceutical mainstay with a market capitalization of nearly $300 billion."
The Dow Jones Industrial Average comprises 30 major publicly listed U.S. companies that can serve as dividend income sources for retirement portfolios. While retirees may overlook Dow stocks for passive income, several offer attractive dividend yields ranging from 2.5% to 3% or higher. Chevron demonstrates strong long-term performance with 83% growth over 25 years and a forward dividend yield of 3.76%, benefiting from oil's status as a crucial global commodity. Merck, a diversified pharmaceutical company with a $300 billion market capitalization, represents another quality dividend option. Selecting a portfolio of high-yielding Dow stocks allows retirees to generate substantial retirement income without sacrificing company quality or financial stability.
Read at 24/7 Wall St.
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