5 Best Safe Dividend Stocks For Retirement Portfolios

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In this article, we discuss 5 best safe dividend stocks for retirement portfolios. If you want our detailed analysis of these stocks, go directly to 10 Best Safe Dividend Stocks For Retirement Portfolios

5. The Clorox Company (NYSE:CLX)

Clorox is a consumer products company. It is a dividend aristocrat, having increased its dividend consecutively for 20 straight years. Clorox’s dividend yield stands at 3.1% as of October 29. In October, the company affirmed its full year sales estimates, prompted by a post-pandemic recovery. In September, BofA identified Clorox as one of the dividend stocks that is safe. The firm’s analyst Savita Subramanian advised investors to find companies that have “secure – not stretched” dividend yields.

Hedge funds are also increasing theirs stakes in the company amid the current recessionary environment. As of the end of the second quarter of this year, 31 funds out of the 895 tracked by Insider Monkey had stakes in the company, compared to 26 funds in the previous quarter.

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