7 High-Yield Stocks I'm Buying For My Retirement Portfolio In This Red-Hot Market

Summary

• While gamblers speculate about what the market will do next, prudent long-term investors only focus on appropriate risk-management while buying quality income-producing assets at reasonable/attractive valuations.
• Even at record highs, I was able to put significant savings to work buying MPLX, OZK, FL, CCL, UNM, BMY and VIAC last week.
• I paid an average 8.0 times earnings/cash flow or 33% below average private equity valuations. That's nearly as good as the average 7.0 Shark Tank multiple.
• Those seven companies are objectively above-average quality, but trading at valuations less than the 10.3 forward P/E the S&P 500 bottomed at on March 9th, 2009.
• My retirement portfolio is now paying me 6.9% of my invested capital in annual dividends that Morningstar estimates will grow 7.4% CAGR over time. My blue chip dividend stock portfolio is 16% undervalued and well-diversified, meaning I don't need to worry about short-term market noise.
• Looking for a portfolio of ideas like this one? Members of The Dividend Kings get exclusive access to our model portfolio. Get started today »

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I'm breaking out the intro for the weekly series into a revised introduction and reference article on the 3 rules for using margin safely and profitably (which will no longer be included in those future articles).

To minimize reader confusion, I will be providing portfolio updates on a rotating bi-weekly schedule. This means an update every two weeks on:

• 7 High-Yield Buys I Just Made For My Retirement Portfolio (where I keep 100% of my life savings)
• I'm Buying 3 Of These 5 Amazing Dividend Stocks For My Retirement Portfolio: (My "What I'm Buying Next" series), which shows how I screen the Dividend Kings Master List for the best stocks to buy in any given week

The best dividend Kings and Aristocrats to buy now will become a monthly series that screens for all dividend stocks with 25+ year dividend growth streaks based on various investor needs (growth, yield, quality, etc.).

I've also broken out the "Why Valuation ALWAYS Matters" intro to this series.

7 High-Yield Stocks I'm Buying For My Portfolio Now

• Bank OZK (OZK) 18 shares @ $27.71 (initial position)
• Carnival (CCL) 12 shares @ $42.92 (initial position)
• Carnival 13 shares @ $42.55 (follow on limit at 4.7% yield)
• Carnival 14 shares @ $41.67 (follow on limit 4.8% yield)
• Bristol-Myers (BMY) 4 shares @66.68 (weekly buy)
• Bristol-Myers 9 shares @66.67 (follow on limit at 2.7%)
• Bristol-Myers 4 shares @ $66.25 (weekly buy)
• ViacomCBS (VIAC) 7 shares @ $35.15 (weekly buy)
• ViacomCBS 17 shares @ $34.29 (follow on limit at 2.8% yield)
• ViacomCBS 8 shares @ $35.22 (weekly buy)
• Unum Group (UNM) 18 shares @ $29.33 (initial position)
• Unum Group 19 shares at $29.23 (follow on limit at 3.9% yield)
• Foot Locker (FL) 13 shares @$40.31 (initial position)
• Foot Locker

Analyst’s Disclosure:I am/we are long VIAC, BMY, MPLX, FL, CCL, OZK, UNM. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Dividend Kings owns VIAC, BMY, MPLX, FL, OZK, CCL and UNM in our portfolios.