It is important for your retirement investment plan to provide a steady return. These are a few of the best dividend investments for your retirement plan to help maintain stable earnings in your golden years:
Flowers Foods Inc.
Flowers Foods (NYSE:FLO) is one of the biggest baking companies in America. It owns brands like Alpine Valley, Nature’s Own and Wonder Bread. From 2004 to 2016, the company went from serving 35% to 85% of the country’s population.
It is because of this kind of continuous growth that Flowers Foods is a great option for retirement investment plans. In fact, the company has paid out increasing dividends for the past 29 years in a row. Investors can expect to see even more impressive growth in coming years as the company will continue to take over more of the American baking market share.
Investors outside of America will have to keep up with live currency rates when investing in American companies like Flowers Foods. However, they still make for wise investments for retirees around the world.
Archer-Daniels-Midlands
Archer-Daniels-Midlands Company (NYSE: NYSE:ADM) is a global leader in the agriculture market, originating 15% of the world’s global corn crop and 30% of the world’s global soybean crop. It has a high dividend yield of 3.2%, and is one of the highest ranking dividend stocks according to finance experts.
With 280 processing plants, 250 warehouses and 420 procurement facilities, Archer-Daniels-Midlands has a huge competitive advantage that has contributed to continuous growth over the years. This has lead the company to see its dividends increase for 41 consecutive years.
Cummins Inc.
Cummins (NYSE:CMI) is a diesel engine manufacturer that has 78% of the mid-duty diesel truck engine market share in North America and 34% of the country’s heavy-duty diesel truck market share. In India and China, the company has 42% and 17% of the countries’ market shares, respectively.
Since it is much larger than its competitors, Cummins has a significant advantage in the industry. This has led the company to pay out steady dividends for the past 25 years, and its current dividend yield is 3.7%.
Southern Co.
Southern Company (NYSE:SO) has provided electricity for states across America for over a century. Today, the company services over 4.5 million customers in Southern states like Alabama, Florida and Mississippi.
Since over 90% of the company’s earnings are generated from regulated operations, Southern Co.’s revenue is somewhat predicable. This makes for stable returns that make it a great addition to a retirement portfolio. Its dividends have increased consecutively for the past 15 years, and it currently has a very high dividend yield of 4.59%.
PepsiCo Inc.
PepsiCo (NYSE:PEP) is a global leader in the manufacturer of snacks and non-alcoholic drinks. Each of the 22 brands that are owned by PepsiCo (including Lays, Quaker and Tropicana) generate over $1 billion each per year.
As one of the world’s largest snack food providers, the company has experienced impressive growth over the years. Since 1965, it has seen its dividends continue to increase. Its current dividend yield is 2.9%.