7 Dividend Stocks to Grow Your Nest Egg
Help secure your retirement with these safe, high-yield stocks
Aug 31, 2010, 1:49 am EDT | By Richard Young, Editor, Intelligence Report
#4 – Diageo (DEO)
| Diageo (NYSE: DEO) is an alcoholic beverage manufacturer and distributor that is booming, in part to its footprint in emerging markets. Whisky consumption has exploded in South America thanks to booming economic conditions. In Brazil and other South American countries today, whisky is seen as a status symbol by the growing middle class. As the middle class grows in more countries, the newly affluent consumers will demand premium alcohols like Scotch whisky. Diageo is the world’s leading distiller of whisky and even recently opened the first new Scotch distillery in 30 years near Elgin, Scotland. With an 8% annualized five-year return, a current dividend yield of 2.7% and a record of dividends since 1988, DEO is a great low-risk dividend investment. |
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Article printed from InvestorPlace Media, http://investorplace.com/2010/08/high-yield-dividend-stocks-for-retirement/.
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