4 Stocks with Yields Above 5% to Help Your Retirement Portfolio Grow
StockNews
Published Oct 18, 2021 05:05PM ET
Updated Oct 18, 2021 06:00PM ET
4 Stocks with Yields Above 5% to Help Your Retirement Portfolio Grow
Because the inflationary environment and supply chain constraints could keep the overall stock market under pressure in the near term, we think it could be wise to bet on quality dividend stocks to benefit from a steady stream of income. GlaxoSmithKline (NYSE:GSK), Fortescue (FSUGY), Kronos (KRO), and USD Partners (NYSE:USDP) are established companies that offer 5%-plus dividend yields. So, it could be wise to add them to one’s retirement portfolio. Read on.According to data from FactSet, 41 S&P 500 companies have reported third-quarter results so far, with 80% of them topping EPS expectations. However, U.S. oil prices jumped another 1%, surpassing $83 per barrel, their highest level since October 2014. In addition, the 10-year Treasury yield this week started edging back up toward 1.62%. So, market volatility will likely continue amid increasing inflation.
Against this backdrop, investors are turning to dividend-yielding stocks to ensure a steady income stream. Investors’ interest in dividend stocks is evidenced by the SPDR S&P Dividend ETF’s (SDY) 3.2% returns over the past month versus the SPDR S&P 500 Trust ETF’s (SPY) 2.2% returns.
So, it could be wise to scoop up the shares of GlaxoSmithKline plc (GSK), Fortescue Metals Group Limited (OTC:FSUGY), Kronos Worldwide, Inc. (NYSE:KRO), and USD Partners LP (USDP) on their fundamental strength and attractive dividends. Their current dividend yields exceed 5%.
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