Admittedly, the average cash yield for dividend stocks in the S&P 500 is only 1.3%, and companies can theoretically end payouts anytime. Such conditions may not appeal to income investors when advisors like Charles Schwab believe retirees should save enough to withdraw 4% of their account value per year in retirement. Three examples which fit that bill are AbbVie (NYSE: ABBV), STORE Capital (NYSE: STOR), and Verizon Communications (NYSE: VZ) -- and they also pay rising dividends that even exceed Schwab's 4% recommended return.
It's an understatement to say Warren Buffett knows a thing or two about investing. Few if any CEOs have generated such high returns as consistently and for as long as Buffett has. Although his total returns have actually lagged well behind the S&P 500 for the past decade, that's really a more recent phenomenon and a result of the pandemic dramatically dragging down his holdings.
AbbVie (NYSE: ABBV) today announced the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) recommended the approval of risankizumab (SKYRIZI®, 150 mg, subcutaneous injection at week 0, week 4 and every 12 weeks thereafter) alone or in combination with methotrexate (MTX), for the treatment of active psoriatic arthritis in adults who have had an inadequate response or who have been intolerant to one or more disease-modifying antirheumatic drugs (DMARDs). The CH