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Yahoo
2 days ago
- Business
- Yahoo
62-Year-Old Living Off Dividends Shares His Top 6 Stock Picks, Says His 'Life Is Great, Blessed With Dividends'
Dividend investing is gaining traction in 2025 as tariffs and macroeconomic uncertainties continue to weigh on market sentiment. Research from S&P Global shows that dividend stocks with a strong history of growth have historically delivered higher returns with lower volatility compared to the S&P 500. Last month, someone asked investors on r/Dividends — a Reddit community with over 730,000 followers — whether anyone was living off dividend income. The question drew an overwhelming response, with many investors sharing their advice and experience. Don't Miss: Maximize saving for your retirement and cut down on taxes: . An investor said that he was living off dividends from a diversified portfolio of stocks and funds. He advised Redditors to first pay off all debts and avoid being a "slave" to banks. "Life is great and we are blessed with dividends!" he wrote. "Invest in quality dividend stocks in all sectors and don't waste money on material things you don't need but enjoy life!" The investor, 62, said in a separate comment that he and his wife are retired and their portfolio includes a lot of "qualified" dividend stocks with an average yield of 9%. "Retired and enjoying dividends without depleting my initial investment. I am diversified across all sectors," he said. Trending: Invest where it hurts — and help millions heal:. Let's take a look at some of the top dividend stocks and funds in his portfolio. Energy Transfer LP Unit Energy Transfer LP Unit (NYSE:ET) was among the top high-yield energy dividend stocks in the Redditor's portfolio. The Texas-based company has a dividend yield of about 7.4%. The stock is down 12% so far this year. Enterprise Products Partners Texas-based Enterprise Products Partners LP (NYSE:EPD) is a midstream energy company with a dividend yield of about 6.8%. The stock recently fell after the company warned that its ethane and butane exports could be impacted due to a new US government licensing requirement for exports to China. Dow Inc. Chemicals giant Dow Inc. (NYSE:DOW) was among the top holdings of the investor living off dividends. The stock has a dividend yield of about 10%. In April, Bank of America downgraded the stock to Underperform from Buy, citing weakening global demand, rising trade barriers and elevated feedstock costs. The stock has lost about 29% so far this Chemical Partners Westlake Chemical Partners LP (NYSE:WLKP) is a Texas-based chemicals company with a dividend yield of about 8.5%. In the fiscal first quarter, the company's net income fell by $10 million amid lower production and sales volume and higher maintenance capital expenditures. Kurv Yield Premium Strategy Tesla ETF The Kurv Yield Premium Strategy Tesla ETF (CBOE: TSLP) provides investors with monthly payouts and exposure to Tesla (NASDAQ:TSLA) shares. The fund has a distribution rate of about 34%. TSLP is down 22% so far this year. Roundhill S&P 500 Target 20 Managed Distribution ETF The Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSE:XPAY) pays a return at an annualized rate of 20% and provides investors exposure to the S&P 500. Read Next: Can you guess how many retire with a $5,000,000 nest egg? . Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article 62-Year-Old Living Off Dividends Shares His Top 6 Stock Picks, Says His 'Life Is Great, Blessed With Dividends' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
2 days ago
- Business
- Yahoo
62-Year-Old Living Off Dividends Shares His Top 6 Stock Picks, Says His 'Life Is Great, Blessed With Dividends'
Dividend investing is gaining traction in 2025 as tariffs and macroeconomic uncertainties continue to weigh on market sentiment. Research from S&P Global shows that dividend stocks with a strong history of growth have historically delivered higher returns with lower volatility compared to the S&P 500. Last month, someone asked investors on r/Dividends — a Reddit community with over 730,000 followers — whether anyone was living off dividend income. The question drew an overwhelming response, with many investors sharing their advice and experience. Don't Miss: Maximize saving for your retirement and cut down on taxes: . An investor said that he was living off dividends from a diversified portfolio of stocks and funds. He advised Redditors to first pay off all debts and avoid being a "slave" to banks. "Life is great and we are blessed with dividends!" he wrote. "Invest in quality dividend stocks in all sectors and don't waste money on material things you don't need but enjoy life!" The investor, 62, said in a separate comment that he and his wife are retired and their portfolio includes a lot of "qualified" dividend stocks with an average yield of 9%. "Retired and enjoying dividends without depleting my initial investment. I am diversified across all sectors," he said. Trending: Invest where it hurts — and help millions heal:. Let's take a look at some of the top dividend stocks and funds in his portfolio. Energy Transfer LP Unit Energy Transfer LP Unit (NYSE:ET) was among the top high-yield energy dividend stocks in the Redditor's portfolio. The Texas-based company has a dividend yield of about 7.4%. The stock is down 12% so far this year. Enterprise Products Partners Texas-based Enterprise Products Partners LP (NYSE:EPD) is a midstream energy company with a dividend yield of about 6.8%. The stock recently fell after the company warned that its ethane and butane exports could be impacted due to a new US government licensing requirement for exports to China. Dow Inc. Chemicals giant Dow Inc. (NYSE:DOW) was among the top holdings of the investor living off dividends. The stock has a dividend yield of about 10%. In April, Bank of America downgraded the stock to Underperform from Buy, citing weakening global demand, rising trade barriers and elevated feedstock costs. The stock has lost about 29% so far this Chemical Partners Westlake Chemical Partners LP (NYSE:WLKP) is a Texas-based chemicals company with a dividend yield of about 8.5%. In the fiscal first quarter, the company's net income fell by $10 million amid lower production and sales volume and higher maintenance capital expenditures. Kurv Yield Premium Strategy Tesla ETF The Kurv Yield Premium Strategy Tesla ETF (CBOE: TSLP) provides investors with monthly payouts and exposure to Tesla (NASDAQ:TSLA) shares. The fund has a distribution rate of about 34%. TSLP is down 22% so far this year. Roundhill S&P 500 Target 20 Managed Distribution ETF The Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSE:XPAY) pays a return at an annualized rate of 20% and provides investors exposure to the S&P 500. Read Next: Can you guess how many retire with a $5,000,000 nest egg? . Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article 62-Year-Old Living Off Dividends Shares His Top 6 Stock Picks, Says His 'Life Is Great, Blessed With Dividends' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
25-05-2025
- Business
- Business Insider
Analysts' Opinions Are Mixed on These Materials Stocks: Kinross Gold (KGC), Sherwin-Williams Company (SHW) and Dow Inc (DOW)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Kinross Gold (KGC – Research Report), Sherwin-Williams Company (SHW – Research Report) and Dow Inc (DOW – Research Report). Confident Investing Starts Here: Kinross Gold (KGC) In a report issued on May 7, Matt Murphy from BMO Capital maintained a Buy rating on Kinross Gold, with a price target of C$22.00. The company's shares closed last Friday at $14.71. According to Murphy is a 5-star analyst with an average return of 20.3% and a 69.1% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, First Quantum Minerals, and Pan American Silver. Kinross Gold has an analyst consensus of Strong Buy, with a price target consensus of $16.53, representing an 11.4% upside. In a report issued on April 23, National Bank also maintained a Buy rating on the stock with a C$25.00 price target. Dow Inc (DOW) Dow Inc received a Hold rating and a $29.00 price target from BMO Capital analyst John McNulty on May 7. The company's shares closed last Friday at $28.32. According to McNulty is a 3-star analyst with an average return of 1.0% and a 50.8% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems. Dow Inc has an analyst consensus of Hold, with a price target consensus of $31.87, a 13.2% upside from current levels. In a report issued on April 24, Alembic Global also maintained a Hold rating on the stock with a $34.00 price target.
Business Insider
30-04-2025
- Business
- Business Insider
Goldman Sachs Keeps Their Hold Rating on Dow Inc (DOW)
Goldman Sachs analyst Duffy Fischer maintained a Hold rating on Dow Inc (DOW – Research Report) yesterday and set a price target of $34.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Fischer covers the Basic Materials sector, focusing on stocks such as Cf Industries Holdings, FMC, and Huntsman. According to TipRanks, Fischer has an average return of 15.1% and a 62.82% success rate on recommended stocks. In addition to Goldman Sachs, Dow Inc also received a Hold from J.P. Morgan's Jeffrey Zekauskas in a report issued on April 25. However, on the same day, Bank of America Securities reiterated a Sell rating on Dow Inc (NYSE: DOW). Based on Dow Inc's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $10.43 billion and a net profit of $17 million. In comparison, last year the company earned a revenue of $10.77 billion and had a net profit of $516 million Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOW in relation to earlier this year. Most recently, in February 2025, Debra L. Dial, a Director at DOW bought 675.00 shares for a total of $26,196.75.
Globe and Mail
28-04-2025
- Business
- Globe and Mail
Dow Inc. (DOW) Halts $9 Billion Petrochemical Project in Canada
U.S. chemical giant Dow Inc. (DOW) has paused construction of a $9 billion net-zero petrochemical project in Canada, citing weak market conditions. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Formerly known as the 'Dow Chemical Company,' the Michigan-based concern is one of the three largest chemical producers in the world. It previously committed to build the 'Path2Zero project' in the western Canadian province of Alberta, which is the center of Canada's oil and gas industry. However, after a 'comprehensive review,' Dow says that it has decided to push back the timeline for the project. No new timeline for its completion has been announced. Management at Dow says it is adjusting to what is sees as a 'lower-for-longer earnings environment' in coming quarters due to macro-economic and market uncertainty caused by U.S. trade tariffs. Job Losses As such, management at Dow says they won't need the Canadian project's output as early as thought and will pause construction on the petrochemical plant until market conditions improve. The delay means that Dow won't be spending $1 billion in Canada this year. The project was expected to create 5,000 jobs in Alberta during the construction phase and about 450 full-time jobs once the plant was operational. Dow previously said that the massive Canadian project would be the world's first net-zero greenhouse gas emission petrochemical plant. DOW stock has declined 25% so far this year. Is DOW Stock a Buy? The stock of Dow Chemical has a consensus Hold rating among 16 Wall Street analysts. That rating is based on three Buy, 11 Hold, and two Sell recommendations issued in the last three months. The average DOW price target of $34.87 implies 17.68% upside from current levels. Disclaimer & Disclosure Report an Issue
