Chasing growth is usually the right move for younger investors, but it can be a risky strategy for retirees. Generally speaking, retirees should stick with blue-chip companies that have generated decades of dependable growth, trade at reasonable valuations, and pay higher dividend yields than the 10-year Treasury's current yield of 1.7%. Here are two conservative stocks that check all three boxes...
Kimberly-Clark (NYSE: KMB), the consumer staples giant that sells paper-based products like Kleenex, Kotex, Cottonelle, and Huggies, has generated a total return of nearly 200% over the past decade after factoring in reinvested dividends. Coca-Cola (NYSE: KO), which raised its dividend for the 59th consecutive year last month, is a Dividend King that's generated a total return of about 120% over the past decade. It pays a forward dividend yield of 3.3% and spent 81% of its FCF on those payments over the past 12 months, and it's been a resilient stock throughout previous economic downturns.
Source: NASDAQ
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