When it comes time start living off dividends, it will be good to have some good value equities in the portfolio. These equities generate good dividends year and year out.
Good candidates for these types of equities are companies which are what one writer calls 'World Dominators'. These are companies which dominate their industries globally, each is Number One in its industry. They earn consistent high returns on their capital, and generate excellent cash flows year after year, through thick and thin. It is said there is one company which has raised its dividend every year for 54 years, another every year for 36 years.
With the market reaching a low, it might be good to pick up some of these companies. Some are indicated to be trading at less than 10 times free cash flow.
I think I'll generate a query through my DTN IQ live feed and look at the dividend fields and income fields to see what I can see.
As one example, one writer is suggesting NLY as a buy. It's chart may be reaching a bottom. I don't know if it satisfy the other criteria mentioned above, but I'm recording for posterity. It's close today is $16.40.