Dividends4Life: Retire on This 7.3% Dividend Yield (That’s Still Growing)

Dividend Growth Stocks News

Retirement investors don’t like risk. Unfortunately, in today’s market, high-yield stocks are not known to be the safest bets. It’s not uncommon for an investor to put their savings into a 15% yielder only to find the dividend is cut a month later. If you are looking to generate a steady stream of dividends to supplement the income in your golden years, you would not want to be that investor.

Over the last several months, one hidden dividend-paying gem has caught my attention: Spectra Energy Partners, LP (NYSE: SEP). Headquartered in Houston, Texas, Spectra Energy is a master limited partnership (MLP) that owns and operates pipelines and storage facilities for natural gas and crude oil. Its portfolio currently consists of more than 15,000 miles of transmission and gathering pipelines, 170-billion cubic feet of natural gas storage, and approximately 5.6-million barrels of crude oil storage.

Source: Income Investors

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