Pressure on the economy from inflationary pressures has investors scrambling to find ways to protect themselves from rising prices. Investors should not chase dividend stocks that appear to have high yields blindly. The importance of a well-balanced and attractively priced portfolio cannot be overstated. Young investors on Reddit are particularly fond of dividend investing as a means of saving for their golden years. Many Redditors suggested JPMorgan Chase & Co., Citigroup Inc., and 3M Company as potential investments for their retirement portfolios.
Here is Insider Monkey’s list of 10 dividend stocks to buy for retirement in 2022 according to Reddit. In the United States, JPMorgan Chase & Co. is one of the largest financial institutions. The company reported an EPS of $3.33, which beat expectations by $0.30. Revenue of $29.26 billion fell short of forecasts by $521 million. Big Four banking institutions in the United States include Citigroup Inc. and JPMorgan Chase & Co. GAAP EPS of $1.46 beat expectations by $0.02, the company said in a statement. A total of $17.02 billion in revenue was generated in the third quarter, a $240 million increase over the forecast. On January 25, 3M Company released its fourth-quarter financial results. Profit per share was $2.31, beating expectations by $0.29. 3M is one of the best dividend stocks to buy for retirement because of its long dividend history. As of 2022, many Redditors recommend Realty Income Corporation as a dividend-paying stock for retirees. In the United States, Spain, and the United Kingdom, the company’s commercial properties are leased out by a real estate investment trust. As of January 28, it offered a dividend yield of 4.26% percent. Cigarettes, cigars, and nicotine pouches are all made by British American Tobacco, a British multinational corporation. According to YCharts, the company’s dividend yield was 4.90 percent as of January 28. For more details, click 10 dividend stocks to buy for retirement in 2022 according to Reddit.