70 or Older? 2 Stocks You Should Consider Buying
If you are in your 70s, you're likely looking for dividend income. But you don't want to chase high-yield stocks, because that could lead you into a yield trap. Which is where utility industry stalwarts like Duke Energy Corp (NYSE: DUK) and Southern Company (NYSE: SO) come in. Both Duke and Southern should be on your short list today -- here's why.
Duke Energy is a largely regulated domestic electric and natural gas utility serving 7.4 million electric customers and 1.5 million gas customers. The stock yields around 4.2%, and the dividend has been increased every year for 13 consecutive years. But the company has been paying dividends for 90 years.
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Source: Fool.com