5 Best High-Yield Dividend Stocks for Retirees in 2022

3. Spire Inc. (NYSE:SR)

Dividend Yield as of August 21: 3.58%

Spire Inc. (NYSE:SR) is an American natural gas distribution company that provides related services to its consumers.

Spire Inc. (NYSE:SR) is one of the most suitable options for a retirement portfolio as it has been making continuous dividend payments since 1946. In addition to this, the company has also raised its dividends for 19 years in a row. It pays a quarterly dividend of $0.685 per share, with a yield of 3.58%, as of August 21.

In June, Mizuho raised its price target on Spire Inc. (NYSE:SR) to $77, highlighting the higher natural gas prices due to the ongoing geo-political issues.

Hudson Bay Capital Management owned the largest stake in Spire Inc. (NYSE:SR) in Q2 2022, valued at over $14.5 million. In addition to this, 16 hedge funds in Insider Monkey’s database owned stakes in the Missouri-based company, with a collective value of over $34 million.