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4 Stocks with Yields Above 5% to Help Your Retirement Portfolio Grow By StockNews

by Mike Robinson

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© Reuters. You can help your retirement portfolio grow by investing in stocks with yields greater than 5%

Inflationary pressures and constraints in supply chains could put the stock market under pressure. We think that it might be wise to place your money on dividend stocks for steady income. GlaxoSmithKline, Fortescue (FSUGY), Kronos(KRO) and USD Partners are all established companies offering 5% plus dividend yields. So, it could be wise to add them to one’s retirement portfolio. Read on.According to data from FactSet, 41 S&P 500 companies have reported third-quarter results so far, with 80% of them topping EPS expectations. The U.S. crude oil prices rose another 1% to $83/barrel, the highest since October 2014. Additionally, this week the index climbed back towards 1.62%. Market volatility is likely to continue despite increasing inflation.

Investors are increasingly turning to dividend-yielding stock to secure a stable income stream against this background. Investors’ interest in dividend stocks is evidenced by the SPDR S&P Dividend ETF’s (SDY) 3.2% returns over the past month versus the SPDR S&P 500 Trust ETF’s (SPY) 2.2% returns.

It could make sense to buy shares in GlaxoSmithKline plc, Fortescue Metals Group Limited, Kronos Worldwide Inc., and Fortescue Metals Group Limited. USD Partners LP USDP due to their strong fundamentals and attractive dividends. They have a current yield of 5%.

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