Investors in their golden years often cannot afford to take on excess risk. That's why we believe they should favor companies that offer income, moderate growth prospects, and downside protection. Knowing that, we asked several Motley Fool analysts to highlight a stock they believe is a good choice for a retiree right now. Read on to see their discussions...
Today's consumers demand access to mobile data wherever they roam, so wireless carriers have been forced to build out their networks in order to remain competitive. That has helped keep demand for cellular towers sky-high, which has greatly benefited companies like American Tower (NYSE:AMT). American Water Works (NYSE:AWK) stock is one of the best choices for retirees looking for an investment to buy and forget about. The company, which is the largest publicly owned water and wastewater utility in the United States, provides the most vital product humans needs to live that isn't free, and one of the most critical services needed in civilized societies. Over the last 12 months, CVS Health (NYSE:CVS) has produced $9 billion in free cash flow and only used 20% of that to pay its 2.3% dividend yield. As it stands today, the stock trades for just nine times free cash flow. I think that's a great entry point for retirees looking for a solid business that has the potential to substantially increase dividend payments in the future.
Source: Motley Fool
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Well written article
Kyle Rolek CFP®