Redditors Reveal Top Dividend Stocks for Investors Over 80 Years Old

With a potential interest rate cut cycle in sight, as hinted by the Federal Reserve at its last meeting, dividend-yielding stocks are becoming increasingly attractive to long-term investors. Ned Davis Research has found in a new report that dividend-paying stocks historically performed better in the first nine months of past rate-cut cycles compared to their non-dividend-paying counterparts. Despite the current AI-driven boom in the technology sector, sustainable dividend stocks remain a safe choice for investors seeking stable income growth. In the rapidly growing Reddit communities focused on dividend and income investments, many users seek advice. Recently, a Redditor asked for the best dividend stocks for his 80-year-old neighbor looking to invest $14,000. The lively discussion resulted in numerous tips and recommendations. We sifted through the discussion and filtered out some of the most frequently mentioned dividend stocks. Altria Group was often recommended as a suitable dividend stock for older investors. With a dividend yield of 8% and over 50 years of continuous dividend increases, the tobacco giant remains attractive despite challenges. Recent quarterly results were lower than expected, but Altria is working on transitioning to smoke-free products and has narrowed its earnings forecast for 2024. Realty Income, a REIT that pays monthly dividends, was also frequently mentioned. With 29 years of uninterrupted dividend increases and a yield of 5%, this stock could benefit from potential Fed rate cuts through lower financing costs. Tenants like Dollar General, Walgreens, and 7-Eleven bolster the company's stability. Ares Capital Corporation, another Reddit community favorite, offers high dividend yields with a stock price of $20.94 and a dividend of $0.48 per share. A $14,000 investment could bring in around $106 per month — a small but welcome contribution to covering living expenses. Procter & Gamble is also considered a safe dividend stock. With 68 years of uninterrupted dividend increases, despite recent challenges, the company remains well-diversified according to analysts and could benefit from upcoming rate cuts. Pfizer also received recommendations. With a dividend yield of over 5% and positive quarterly results that led to an upward revision of annual revenue forecasts, the company remains in the focus of investors. Another frequently discussed recommendation was the Schwab U.S. Dividend Equity ETF. This ETF provides access to top U.S. dividend stocks such as AbbVie, Home Depot, and Coca-Cola, and offers a yield of over 3%. Beyond stocks, real estate investments also offer attractive income opportunities in the current high-interest-rate environment. Arrived Homes has launched a Private Credit Fund, providing access to short-term real estate-backed loans with a target yield of 7% to 9% and a minimum investment of only $100.