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62-Year-Old Living Off Dividends Shares His Top 6 Stock Picks, Says His 'Life Is Great, Blessed With Dividends'

Fahad Saleem

Wed, Jun 4, 2025, 6:45 AM 3 min read

Dividend investing is gaining traction in 2025 as tariffs and macroeconomic uncertainties continue to weigh on market sentiment. Research from S&P Global shows that dividend stocks with a strong history of growth have historically delivered higher returns with lower volatility compared to the S&P 500.

Last month, someone asked investors on r/Dividends — a Reddit community with over 730,000 followers — whether anyone was living off dividend income. The question drew an overwhelming response, with many investors sharing their advice and experience.

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An investor said that he was living off dividends from a diversified portfolio of stocks and funds. He advised Redditors to first pay off all debts and avoid being a "slave" to banks.

"Life is great and we are blessed with dividends!" he wrote. "Invest in quality dividend stocks in all sectors and don’t waste money on material things you don’t need but enjoy life!"

The investor, 62, said in a separate comment that he and his wife are retired and their portfolio includes a lot of "qualified" dividend stocks with an average yield of 9%.

"Retired and enjoying dividends without depleting my initial investment. I am diversified across all sectors," he said.

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Let's take a look at some of the top dividend stocks and funds in his portfolio.

Energy Transfer LP Unit

Energy Transfer LP Unit (NYSE:ET) was among the top high-yield energy dividend stocks in the Redditor's portfolio. The Texas-based company has a dividend yield of about 7.4%. The stock is down 12% so far this year.

Enterprise Products Partners 

Texas-based Enterprise Products Partners LP (NYSE:EPD) is a midstream energy company with a dividend yield of about 6.8%. The stock recently fell after the company warned that its ethane and butane exports could be impacted due to a new US government licensing requirement for exports to China.

Dow Inc.

Chemicals giant Dow Inc. (NYSE:DOW) was among the top holdings of the investor living off dividends. The stock has a dividend yield of about 10%. In April, Bank of America downgraded the stock to Underperform from Buy, citing weakening global demand, rising trade barriers and elevated feedstock costs. The stock has lost about 29% so far this year.


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