FX.co ★ Top 3 companies suitable for retirement investment portfolio
Top 3 companies suitable for retirement investment portfolio
International Business Machines (IBM)
International Business Machines Corporation (IBM) is open to innovations and strives to keep up with the times. IBM's dividend yield has remained high for several years. However, the company cannot afford to be complacent but seeks to rebuild its business. The company is trying to beef up its core technology capabilities in artificial intelligence and improve cloud computing. Against this background, IBM's dividend yield has increased by 4.5%, thus attracting long-term investors. In 2021, the tech giant's shares gained 14%, outperforming other large corporations. IBM's reorganization of business processes is related to a so-called hybrid cloud growth strategy. Its clients have access to both local servers and cloud storage. Experts consider this company to be a reliable issuer that guarantees dividend payments to its shareholders.
Lockheed Martin (LMT)
Lockheed Martin (LMT) stock seems to be suitable for a long-term retirement investment portfolio. The global defense and aerospace company pays a quarterly cash dividend payment of $2.6 per share. According to analysts, the firm's annual dividend yield is 3%. A large amount of payments is provided due to the firm’s strong cash flow and its crisis-resistant business. The COVID-19 pandemic did not become an obstacle to higher profits and sales of Lockheed Martin. Moreover, the cash flow accelerated, experts noted. Besides, the US Defense Department supported the company with additional payments. Thus, Lockheed Martin is very attractive to long-term investors, especially to those who are seeking a more stable income. According to the WSJ, the defense giant is taking the lead in the fields of aerospace and hypersonic technology. The US authorities invest heavily in these industries, analysts point out.
Procter & Gamble (P&G)
Procter & Gamble (P&G), the world's largest brand with a rich history, is a leading manufacturer of basic consumer goods. The company has been actively increasing its dividends for 66 consecutive years. According to analysts, the industrial giant is capable of generating steadily growing income. Procter & Gamble pays a quarterly dividend payment of $0.87 per share, and its dividend yield reaches 2.47% per annum. Over the past 10 years, P&G’s revenue has more than doubled. The company's shareholders have received sound returns, thus making P&G a reliable option for long-term investments. By June 2021, the company’s sales grew by 4%, although analysts had anticipated an increase of 3%. The consumer goods giant reported a surge in sales of shave, health, and home care products.
