2 Stocks That Are Perfect to Buy Now and Hold Until Retirement
Investors approaching retirement tend to be focused on investing prudently in those last few years before leaving the workforce, with many seeking to maximize their dividend income. Two companies in the healthcare sector stand out as good prospects in that regard, both now and in the future: AbbVie (NYSE: ABBV) and Pfizer (NYSE: PFE). Both currently yield more than 4% -- much higher than the 1.37% current average of the S&P 500 -- and both are solidly positioned for consistent ongoing growth. These dependable businesses are committed to rewarding shareholders in the long run.
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AbbVie came on to the market in 2013 after being spun off from medical device company Abbott Labs. It joined a crowded landscape, competing against the likes of Johnson & Johnson, Pfizer, Merck, and Bristol Myers Squibb. Since then, management has wasted no time in developing several breakthrough drugs and driving sales to generate tremendous returns for shareholders.
Source Fool.com
