If You're Retired, Consider Buying These 3 Energy Stocks
If you are retired, you have likely shifted from building your nest egg to living off your assets. That means you probably gravitate toward stocks that offer a mixture of safety and yield. Right now you can find those features, to varying degrees, in energy industry stalwarts ExxonMobil (NYSE: XOM), Enterprise Products Partners (NYSE: EPD), and, for the more adventurous, Helmerich & Payne (NYSE: HP). Here's a primer on why retirees should consider buying these three energy stocks.
Exxon is by far the best option for conservative investors. It's one of the largest and most diversified energy companies on the planet, with assets spanning the upstream (drilling), midstream, and downstream (chemicals and refining) sectors. The company has increased its dividend every year for an incredible 37 consecutive years, a record that none of its direct peers can match. And it offers a fat 4.6% or so yield.
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