Retirees: 6 Safe, High Yield Stocks for the Golden Years

Following on our piece about dividend's that could get cut, we're taking a look at 6 stocks with rock solid yields suitable for a retirees portfolio. As always, use the list below as a starting point for your own research. This is what we found: Johnson & Johnson (JNJ): JNJ is all excitement and no stagnation as this New Jersey-based healthcare company has increased payouts for 49 consecutive years. A buy before earnings just two months ago would have led to a yield on cost nearing 4%, not to mention a 14% boost in share price. Still, the current yield around 3.42% is attractively above average, while 13 brokers see a median 1-year further upside of around 5%. The price to earnings ratio around 15.1 appears fair, while the 48.26% payout ratio suggests sustainability. In addition, Warren Buffett’s Berkshire Hathaway (BRK-A) has 45 million shares and seems to be enjoying... Read more