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Motorhome Retirement: The Mt. Rushmore Of Dividend Stocks

Published Tue, 30 Jun 2020 10:00:00 -0400 on Seeking Alpha

Seeking AlphaDividend Quick PicksMotorhome Retirement: The Mt. Rushmore Of Dividend StocksJun. 30, 2020 10:00 AM ET|| Includes: HRL, JNJ, MKC, WBAby: GrayBeard RetirementGrayBeard Retirement Value, dividend growth investing, portfolio strategy, income investingSummaryA recent visit to Mt. Rushmore generated an idea for the Mt. Rushmore of dividend stocks.
There are 23 initial candidates and the list is culled to 15 with historical analysis.
The surviving 15 are subject to an analysis of dividend yield, growth and safety to generate the final list of Mt. Rushmore dividend stocks.
Followers of my articles are aware that we planned to retire in July of this year at the age of 54. Our original intent was to not use any of our tax deferred retirement accounts until we were 59-1/2. However, we had to change the plan due to uncertainty of the future of the Affordable Care Act. A federal judge ruled the law unconstitutional in December of 2018. To plan for the potential disappearance of the healthcare exchange and associated benefits we need to get access to some of our IRA funds. We created a 72(T) withdraw plan from one of our IRAs in January of this year. An additional benefit of this was that it allowed us to retire in March of this year instead of July.
So retire in March we did. We retired on a Friday to start our “Motorhome Retirement” and the United States went into social distancing and all the related COVID-19 stay-at-home and business closures the following Monday. We had great timing (sarcasm), instead of heading out across the country, we did our “shelter-in-place” or “stay-at-home” or whatever else you want to call it at a lake campground near Dallas, TX. Like most others, our activities were limited to daily walks, weekly trips for groceries and TV watching.
What we’re doing now.

On June 20th, we headed to the Black Hills and Bad Lands area of South Dakota to officially start our retirement roaming. Once in the... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
WALGREENS BOOTS ALLIANCE 55.56   10.9 5.10 1.83 3.22
JOHNSON & JOHNSON 130.43   21.6 6.03 3.80 2.93
HORMEL FOODS 44.00   24.3 1.81 0.84 1.92
MCCORMICK 157.81   30.8 5.13 2.28 1.46


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