2 High Yield Stocks to Add to Your Social Security Income
Social Security is a vital piece of the retirement puzzle, but not the only piece. If you are looking for safe and reliable dividend payers that can supplement the monthly checks you get from Social Security, you'll want to take a look at high yielders Duke Energy Corp (NYSE: DUK) and Magellan Midstream Partners, L.P. (NYSE: MMP). Not only do both offer big yields, but they have long histories of annual dividend increases too.
Duke Energy is one of the largest electric utilities in the United States, serving 7.4 million electric customers and 1.5 million natural gas customers. The stock yields around 4.1% today, pretty enticing when an S&P 500 Index fund will only get you a yield of around 2%. Even more exciting, Duke has paid a dividend for over 90 consecutive years, with an annual dividend increase in each of the last 13 years.
Image source: Getty Images
Source: Fool.com
Duke Energy Corp. Stock
We see a rather positive sentiment for Duke Energy Corp. with 18 Buy predictions and 1 Sell predictions.
However, we have a potential of -3.09% for Duke Energy Corp. as the target price of 96 € is below the current price of 99.06 €.
