In this article, we will take a look at the 5 High Yield Stocks For Lasting Retirement Income. For deeper discussion and analysis, read 10 High Yield Stocks For Lasting Retirement Income.
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5. Franklin Resources, Inc. (NYSE:BEN)
Dividend Yield as of May 22: 4.26%
On May 7, Morgan Stanley upgraded Franklin Resources, Inc. (NYSE:BEN) to Equal Weight from Underweight. It raised its price target on the stock to $31 from $21. The firm said it is seeing early signs of a turnaround at the asset manager, with Western outflows beginning to ease and core flows continuing to improve. According to the analyst, Franklin has now posted nine straight quarters of inflows when excluding Western. Morgan Stanley added that it believes a broader turnaround is starting to take shape at the company.
A few days later, on May 13, Franklin Resources reported that total assets under management increased 6.3% month over month in April 2026 to $7.11T. The figures were based on data from nine U.S. asset managers that disclose monthly AUM results. Compared with the same period last year, total assets under management rose nearly 15%. The increase was supported by market appreciation.
Franklin Resources, Inc. (NYSE:BEN) is a global investment management company operating through its subsidiaries under the Franklin Templeton brand. The company serves clients in more than 150 countries.
4. Mid-America Apartment Communities, Inc. (NYSE:MAA)
Dividend Yield as of May 22: 4.66%
On May 14, Scotiabank downgraded Mid-America Apartment Communities, Inc. (NYSE:MAA) to Underperform from Sector Perform and lowered its price target to $120 from $138.The firm said the downgrade reflects expectations for “subpar” rent growth across Sunbelt markets. According to the analyst, the significant overbuilding seen in many of those markets will likely take several years to absorb. Scotiabank added that this supply pressure could keep occupancy levels below pre-COVID trends, limiting the potential for stronger rent growth in the Sunbelt region.
A few days earlier, on May 11, Barclays raised its price recommendation on MAA to $139 from $137. It reiterated an Equal Weight rating on the shares. The firm said it updated its models for the residential real estate investment trust sector following first-quarter earnings reports. Barclays believes earnings growth for apartment and single-family rental companies will likely bottom in 2026. The analyst also said, “that the stocks themselves already have.”
Mid-America Apartment Communities, Inc. (NYSE:MAA) is a multifamily-focused real estate investment trust that owns, operates, acquires, and selectively develops apartment communities. Its properties are primarily located across the Southeast, Southwest, and Mid-Atlantic regions of the United States.
3. Edison International (NYSE:EIX)
Dividend Yield as of May 22: 4.93%
On May 21, Morgan Stanley lowered its price recommendation on Edison International (NYSE:EIX) to $64 from $70. It reiterated an Underweight rating on the shares. The firm said it updated its price targets for Regulated and Diversified Utilities and IPPs across North America for April. Morgan Stanley also noted that utilities underperformed the S&P’s return during the month.
During the Q1 2026 earnings call, Pedro Pizarro said the company reported first-quarter core earnings per share of $1.42. He also said Edison International is reaffirming its 2026 core EPS guidance and other financial targets, including its long-term objective of delivering 5% to 7% core EPS growth. Pizarro noted that planned physical hardening work across the distribution system in high fire-risk areas was about 93% complete. He also said Southern California Edison had extended more than 1,500 offers totaling over $500 million to community members affected by the Eaton fire.
In addition, Pizarro said the company expects its proposed approach to generate nearly $25 million in potential unbilled revenue savings over a three- to six-month period once implemented.
Edison International (NYSE:EIX) is an electric utility holding company focused on providing clean and reliable energy and energy-related services through its independent businesses. The company is the parent of Southern California Edison Company and Trio.
2. T. Rowe Price Group, Inc. (NASDAQ:TROW)
Dividend Yield as of May 22: 5.03%
On May 12, T. Rowe Price Group, Inc. (NASDAQ:TROW) reported that assets under management rose to $1.83 trillion at the end of April, compared with $1.71 trillion at the end of March. The company said the increase was mainly driven by market appreciation across several asset classes.
April net outflows totaled $10.6 billion, largely due to a few sizable client redemptions. Management added that it expects flow activity to moderate during the remainder of the quarter. By asset class, equity assets under management increased to about $882 billion from $810 billion in March. Multi-asset AUM also rose, reaching $665 billion compared with $625 billion a month earlier.
Fixed income and alternative assets posted gains during the month as well. Target-date retirement portfolios grew to roughly $599 billion in assets.
T. Rowe Price Group, Inc. (NASDAQ:TROW) is a global asset management firm managing $1.83T in client assets as of April 30, 2026. About two-thirds of those assets are retirement-related. The company has more than 85 years of experience in investment management, retirement services, and proprietary research.
1. Hormel Foods Corporation (NYSE:HRL)
Dividend Yield as of May 22: 5.51%
On May 21, Stephens lowered its price target on Hormel Foods Corporation (NYSE:HRL) to $22 from $27 and maintained an Equal Weight rating on the shares. The analyst said the setup for the stock has “become more nuanced” following a stronger-than-expected first quarter. The firm added that “it would be prudent for investors to wait on the sidelines” until there is clearer evidence of sustained margin recovery in the Retail segment and better earnings conversion.
Earlier in the month, on May 15, BofA lowered its price target on Hormel Foods Corporation to $23 from $27 and kept a Neutral rating on the stock. Ahead of the company’s upcoming earnings report, the firm said its near-term estimates remain “largely stable.” At the same time, the analyst lowered FY27 expectations due to what the firm described as a more difficult cost environment.
Hormel Foods Corporation (NYSE:HRL) is a global branded food company that develops, processes, and distributes food products across several markets. The company operates through its Retail, Foodservice, and International segments.
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