Early Retirement Portfolio: 5 Stocks to Live Off Dividends

In this article, we discuss the 5 best dividend stocks for retirement. If you want to read our detailed and historical analysis of the dividend stocks, go directly to read Early Retirement Portfolio: 15 Stocks to Live Off Dividends.

5. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 33
Dividend Yield as of January 27: 4.43%

The Kraft Heinz Company (NASDAQ:KHC), an American food company, was recently lauded at Morgan Stanley due to its strategic acquisitions of other companies in the sector. The firm assumed its coverage on the stock with an Equal Weight rating and a $37 price target.

In Q3, The Kraft Heinz Company (NASDAQ:KHC) posted an EPS of $0.65, which beat the consensus by $0.07. The company’s revenue of $6.32 billion also exceeded analysts’ estimates by $240 million. After posting solid Q3 results, The Kraft Heinz Company (NASDAQ:KHC) raised its full-year guidance and now expects adjusted EBITDA of at least $6.2 billion. Currently, the company pays a quarterly dividend of $0.40 per share, with a dividend yield of 4.43%.

As per Insider Monkey’s Q3 data, 33 hedge funds tracked by Insider Monkey held a $12.3 billion worth of stake in The Kraft Heinz Company (NASDAQ:KHC). In the previous quarter, the number of hedge funds owning stakes in the company was the same. Warren Buffett’s Berkshire Hathaway was the company’s largest shareholder in Q3, holding a stake worth roughly $12 billion.