Author: Brett Owens, Contrarian Outlook

Each of these picks features the high yields you need in retirement that ensure you can pay your monthly bills long after you’ve stopped collecting a paycheck.

Whenever a dividend payer goes on sale, it’s a chance for you and I to make a lot of money AND collect steady income. Today, we’ll highlight four stocks that are worthy of our review. Are these four stocks wild bargains, or “cheap for a reason”? Let’s dive in.

In short, a fund exists that allows you to create a diversified portfolio of the 50 blue chip stocks most likely to raise their dividends over the next 12 months.

It now trades at a 4.2% discount to net asset value (NAV), which is wider than the 3.8% it’s averaged in the last 12 months. And the fund has traded at a premium in the past, too. That means we’re set for some nice downside insurance AND upside here. And we’ll collect its 7.4% payout while we wait.

We’re going to scientifically book profits, no matter what interest rates do.