3 High Yield Stocks For Superior Retirement Income

Maximizing retirement income is a very important goal for many investors. But building a retirement portfolio with a stable income stream that will last a lifetime remains a  challenge for most investors, particularly in today’s low-interest-rate environment. However, high-yield dividend stocks can often generate much higher income than fixed-income instruments, especially currently.

While the stock market’s current fluctuations are a cause of concern for many income investors, betting on shares of established companies that have a long history of paying steady dividends and are fundamentally sound could be rewarding.

With their fundamental strength and potential to grow their dividends substantially over time, we believe high-yield stocks  Broadcom Inc.  (AVGO - Get Rating), AbbVie Inc. (ABBV - Get Rating), and B2Gold Corp. (BTG - Get Rating) are ideal holdings for a steady stream of retirement income.

AVGO – Given the low-interest-rate environment and rising market volatility, adding high-yield dividend stocks to an investment portfolio has become essential in retirement planning. Broadcom (AVGO), AbbVie (ABBV), and B2Gold (BTG) offer high dividend yields and hold solid price appreciation potential. As such, we think owning these names could help investors ensure a steady retirement income stream.

Broadcom Inc. (AVGO - Get Rating)

AVGO is a developer and supplier of semiconductor infrastructure software solutions. Incorporated in 2018, the company operates through two segments – Semiconductor Solutions and Infrastructure Software. It also provides semiconductor devices, with a focus on complex digital and mixed-signal complementary metal oxide semiconductor-based devices worldwide.

In January,  AVGO introduced its BCM4389 chip, which enables the world’s first Wi-Fi 6E phone—the Samsung Galaxy S21 Ultra. This unique chip was created specifically to unlock the value of Wi-Fi 6E for remote work, education, telemedicine, and gaming. Its development should establish Broadcom as a global technology leader in semiconductor and infrastructure software solutions.

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