Retired?...Need Income?
Kiplingers provides 3 Ideas for retirement income:
Unilever (UL)
If you’ve ever set foot in a supermarket anywhere in the world, then you are familiar with Unilever’s brands. Among many others, they include: Axe, Ben & Jerry’s, Bertolli, Dove, Lipton, St Ives, VO5, and Vaseline. If there was ever a set of products that was apocalypse-proof, it would be Unilever’s.
But while its products may be mundane consumer staples in the West, Unilever has excellent growth prospects abroad. Unilever gets nearly 60% of its revenues from emerging markets, meaning that we should see healthy growth for a long time to come.
The company has raised its dividend every year for 42 consecutive years and currently yields 3.4%.
While not exceptionally cheap at current prices, Unilever is a certainly a stock to buy on any pullbacks.
Talk with your financial planner for income ideas first!