Here is a revised version of the article based on the latest information:
Dividend stocks can be great assets for retirees as they offer recurring income and relative safety. While not all high-yielding stocks are secure, established industry leaders such as AbbVie, AT&T, and ExxonMobil provide stable dividends. In fact, AbbVie boasts a 50-plus year dividend growth streak, making it a Dividend King. Low-risk investors appreciate AbbVie’s low beta value of 0.6, indicating stability. Recent acquisitions by AbbVie demonstrate the company’s ability to adapt and develop new drugs, mitigating the impact of declining revenue from its flagship drug, Humira.
Despite facing challenges such as a botched merger, lead-covered cables, and a data breach, AT&T remains a reliable telecom stock due to its high dividend yield of 6.6% and sound business performance. Revenue and operating income remained steady, while free cash flow significantly increased during Q1 2024.
ExxonMobil benefits from rising oil prices, but its dividend is secure regardless of price fluctuations. With its recent acquisition of Pioneer Natural Resources, ExxonMobil’s upstream portfolio in the Permian Basin has doubled, providing substantial production volume and further growth opportunities. ExxonMobil offers investors a high dividend yield of 3.3%.
Investors should note that Nvidia did not appear on The Motley Fool’s list of the ten best stocks to buy right now, compiled by its Stock Advisor analyst team. Since joining Stock Advisor in 2005, investing $1,000 in Nvidia would have resulted in a staggering gain of $553,959*. Stock Advisor offers guidance on constructing a portfolio, periodic updates from analysts, and two new stock selections every month. Since 2002*, the service has surpassed the S&P 500’s returns fourfold.
*As of May 6, 2024
David Jagielski does not own any stocks mentioned in this article. The Motley Fool has positions in Abbott Laboratories. The Motley Fool has a disclosure policy.
The Motley Fool’s “3 Rock-Solid Dividend Stocks That Are Ideal for Retirees” was initially published.
This article has been updated to reflect the latest information available.
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