Retirement Stock Portfolio: 5 Safe Dividend Stocks To Consider

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In this article, we discuss the 5 safe dividend stocks to consider for retirement. If you want to read our detailed analysis of these stocks, go directly to Retirement Stock Portfolio: 10 Safe Dividend Stocks To Consider.

5. Cincinnati Financial Corporation (NASDAQ:CINF)

Number of Hedge Fund Holders: 22

Consecutive Years of Dividend Growth: 61     

Forward Dividend Yield: 2.13% 

Cincinnati Financial Corporation (NASDAQ:CINF) provides property casualty insurance products across the United States. The firm recently declared a quarterly dividend of $0.63 per share, in line with previous. In the second quarter earnings, it beat market estimates on earnings per share by $0.84. The revenue over the period was $1.5 billion, up more than 7% year-on-year. 

Analysts have also taken note of the solid fundamentals of Cincinnati Financial Corporation (NASDAQ:CINF). Wolfe Research analyst Michael Zaremski recently initiated the stock with an Outperform rating and a price target of $148. 

Out of the hedge funds being tracked by Insider Monkey, New York-based firm Select Equity Group is a leading shareholder in Cincinnati Financial Corporation (NASDAQ:CINF) with 5.7 million shares worth more than $672 million. 

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