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2 high-yield ASX dividend shares for Australian retirees

The article from MSN Money discusses two high-yield ASX dividend shares recommended for Australian retirees looking to bolster their income in retirement. The first share highlighted is Fortescue Metals Group (ASX: FMG), a major iron ore producer with a current dividend yield of around 8.5%. Despite the volatility in iron ore prices, Fortescue has a strong track record of paying dividends, which makes it attractive for income-focused investors. The second share is Stockland Corporation (ASX: SGP), a diversified property group with interests in residential, retail, and retirement living. Stockland offers a dividend yield of approximately 6.5% and benefits from a stable income stream due to its diversified portfolio, which includes essential services like supermarkets, making it less susceptible to economic downturns. The article emphasizes the importance of these stocks for retirees due to their consistent dividend payouts, which can help in managing living expenses during retirement. However, it also notes the inherent risks associated with investing in single stocks, suggesting diversification as a strategy to mitigate these risks.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/2-high-yield-asx-dividend-shares-for-australian-retirees/ar-AA1vhsP8 ]