The article highlights two high-quality dividend stocks, Occidental Petroleum and Kraft Heinz, that retirees can consider for enhancing their income streams. Priced under $50 each, both stocks are also part of billionaire Warren Buffett's portfolio. Occidental Petroleum offers a 2.3% dividend yield seen as favorable for cautious investors looking to minimize risk while Kraft Heinz represents a stable consumer staple investment. The recommendation comes in light of its potential for capital appreciation, catering to retirees seeking financial security without engaging in high-risk investments.
At just over $41 per share, Houston, Texas-based Occidental Petroleum makes the cut as a high-quality dividend stock for under $50 for retirees.
These two stocks fit the criteria as high-quality dividend stocks under $50 for retirees, offering potential capital appreciation while providing income.
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