10 Best Stocks to Buy for Retirement

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In this article, we discuss 10 best stocks to buy for retirement. If you want to read our detailed and historical performance of dividend stocks, go directly to read 30 Best Stocks to Buy for Retirement

10. Canadian Natural Resources Limited (NYSE:CNQ)

Dividend Yield as of February 9: 4.23%
3-Year Average Annual Dividend Growth Rate: 46.1%
Dividend Payout Ratio: 27.66%

Canadian Natural Resources Limited (NYSE:CNQ) is a Canadian oil and natural gas company that specializes in crude oil. In January, Stifel initiated its coverage on the stock with a Buy rating and a C$97 price target. The firm sees significant value in oil and gas equities even during an inflationary environment.

Canadian Natural Resources Limited (NYSE:CNQ) pays a quarterly dividend of C$0.85 per share and has a dividend yield of 4.23%, as of February 9. The company has been raising its dividends consistently for the past 23 years and has a 3-year dividend growth of 46.1%. It’s one of the best stocks for retirement as its payout ratio stands at 27.6%.

Canadian Natural Resources Limited (NYSE:CNQ) was a popular buy among hedge funds in Q3 2022, as 41 funds owned stakes in the company, up from 33 in the previous quarter. These stakes are collectively valued at over $2 billion. Yacktman Asset Management was the company’s leading stakeholder in Q3.

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