12 Dividend-paying Stocks That Will Boost Your Retirement Income

Telus

In the communications sector, we wanted to showcase Telus, a company with a core telecom business, a market value of $25.6 billion, a dividend growth streak of 18 years, and wields sitting at 4.9%.

In terms of competition, the company has insulated its wireless business thanks to its large subscriber base and national network. Telus’ primary competitor is Shaw and, overall, the two companies dominate the space thanks to their networks’ efficient scale.

They are able to generate predictable results. Even during the 2007-2009 Great Recession, their sales only dipped by 1%, making them a reliant dividend play for investors. Through 2022, Telus is targeting a 7% and even 10% annual dividend growth.

W.P. Carey

Considering W.P. Carey’s dividend growth streak of 21 years and their 6.0% yield, we knew we should add the company to our list. With a market value of $12.2 billion, the company has built a portfolio of 1,215 single-tenant industrial, retail, self-storage, office, warehouse properties across both America and Europe.

They’ve managed to increase their dividend each year since going public thanks to both the management’s conservative approach to managing the business and the quality of their properties.

In terms of risk, the company keeps its portfolio diversified precisely in order to avoid it. Occupancy has exceeded 96% since 2007, and you’d think that the coronavirus pandemic has made them suffered a massive blow, but this couldn’t be further from the truth.

If you’re going to invest in a company in the real estate sector, you should definitely strongly consider W.P. Carey.

Main Street Capital

Last on our list is a company with a market value of $2.2 billion in the Financial sector. Main Street Capital has a dividend growth streak of 10 years, with dividend yields sitting at a shocking 7.8%.

It’s an internally managed business development company that provides debt and equity capital to lower middle market companies that usually have annual revenues between $10 million and $150 million.

These investments have a typical cyclical performance over a full economic cycle, but the company has never decreased its monthly dividend rate since 2007 when the firm went public.

Their own portfolios are diversified over 180 investments. Meanwhile, they are keeping exposures to any single industry below 10% of the portfolio’s cost basis. Overall, management runs the company conservatively.

The one thing to keep in mind is that business development companies can be risky investments during downturns. But you should also remember that Main Street Capital actually has a long-term track record of managing risk!

So, where do you plan to invest your money for a safe and comfortable retirement?