Retirees: Consider Enbridge and Verizon for 7%+ Dividends
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Why high dividend income is important, especially for retirees or near-retirees. Compounding dividends can significantly grow income over time.
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Two undervalued stocks, Enbridge (ENB) and Verizon (VZ), with stable business models that yield over 7% currently. Strong dividend coverage and history.
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ENB is an energy pipeline company expanding into utilities. Expects continued 6% EBITDA and 4% dividend growth. VZ is a telecom leader with improving wireless and broadband metrics.
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Both companies have risks related to high debt levels but generate ample cash flow to service debt and pay dividends. Valuations remain attractive.
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Together the two companies provide a high, well-covered dividend yield around 7% on average. Expect moderate dividend growth and share price appreciation over time.