3 quality shares for your retirement portfolio

Credit: GotCredit

I think that one of the best ways to set yourself up for an early retirement is by having a passive income stream that is reliable and has the potential to grow over time.

In my opinion dividend shares are one of the best ways to achieve this and are especially useful once you reach retirement thanks to their regular pay checks.

The good news is that the ASX offers a number of reliable dividend shares that investors could consider as part of a diversified retirement portfolio. Three that I like are listed below:

Australia and New Zealand Banking Group (ASX: ANZ)

Although the banks are out of favour with the market right now, with the end of the Royal Commission in sight and the final report due early next year, I expect investor sentiment to slowly improve over the coming months. This could make it worth considering an investment in ANZ Bank now whilst its shares are still trading on below historical average multiples. In addition to this, its shares currently offer a trailing fully franked 5.9% yield.

Dicker Data Ltd (ASX: DDR)

I think that Dicker Data could be a great option for a retirement portfolio due to its strong business model, solid growth prospects, and generous dividend. In addition to this, the founder-led computer software and hardware wholesale distributor pays its dividend in quarterly instalments. This could be ideal for those looking for a more regular pay check. Based on its last close price, Dicker Data’s shares offer a generous fully franked forward yield of 6.3%.

Ruralco Holdings Ltd (ASX: RHL)

Earlier this month this agribusiness company released its FY 2018 results and revealed a 5% increase in revenue to $1,900 million and a 10% lift in underlying net profit after tax to $28.8 million. The latter was at the top end of the guidance range management provided. The company’s successful year was largely down to its geographical and activity diversification easing the impact of mixed seasonal conditions and challenging trading conditions. More of the same is expected in FY 2019, putting Ruralco in a solid position to grow its dividend further. At present its shares offer a trailing fully franked 4.9% dividend.

Top 3 ASX Blue Chips To Buy For 2019

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked…

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of The Motley Fool’s Top 3 Blue Chip Stocks for 2019.

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in a specially prepared FREE report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

See the 3 blue chip stocks

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.