2 Dividend Stocks That Are Great for Retirees
The Dow Jones industrial average rose 18.43 points click here! or 0.11 percent, to 16,717.17. The S&P 500 gained 3.54 points or 0.18 percent, to 1,923.57. The Nasdaq Composite fell 5.33 points or 0.13 percent, to 4,242.62. Friday’s gain lifted the Dow above its previous record close of 16,715.44 set on May 13.
Penny Stocks: A Warning for Investors – WSJ
By Priya Anand May 30, 2014 4:07 p.m. ET Email messages promoting penny stocks have surged, and regulators are warning that scammers try to boost the price of the stocks and then sell their own shares for a profit. With the stock-market benchmarks near all-time highs, investors are buying up penny stocksshares of small, risky companies that often have a limited track recordat a record pace. In many cases, investors are betting that a tiny firm will expand rapidly, allowing…
In other words, it pays a higher dividend than the general market while being 66% less volatile — for context, the S&P 500 (SNPINDEX: ^GSPC ) yields 1.95%. And in Exxon’s case, it yields 2.7% and has a beta of .92. These are the exact qualities that most retirees want in stocks for their portfolio. With this in mind, if you’re in or on the cusp of retirement, then you could do a lot worse than McDonald’s and/or ExxonMobil.
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David Williamson has no position in any stocks mentioned. Michael Douglass has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days .