No savings at 60? I’d buy these 2 FTSE 100 dividend shares for a passive income

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Rupert Hargreaves | Wednesday, 12th February, 2020 | More on: DGE SGRO Enter Your Email Address Image source: Getty Images. Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Diageo. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Rupert Hargreaves If you’ve reached 60 years of age with no pension savings, there’s no need to worry. There’s still plenty of time to save for the future.Investing your money can be one of the best ways to build a substantial savings pot in a relatively short amount of time.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…With that being the case, here are two FTSE 100 stocks that could give you a passive income stream in retirement.DiageoGlobal drinks giant Diageo (LSE: DGE) isn’t a household name, but the company’s products are. The group owns some of the most recognisable alcohol brands in the world. This gives it a sizeable competitive advantage.As such, the company looks attractive as an income investment. The stock might not offer the highest dividend yield on the market, but the distribution is backed by robust cash flows from its alcohol business.The stock supports a dividend yield of 2.3%, and the distribution is covered 1.9 times earnings per share. That implies management has plenty of headroom to increase the distribution further in the years ahead.As well as this dividend yield, the company has also recently been returning cash to investors by buying back stock.These buybacks, as well as efficiency savings and revenue growth, helped Diageo achieve a 19% increase in earnings per share in its last financial year. Analysts are forecasting growth of around 7% per annum for the next two years. The dividend could grow at a similar rate.These numbers suggest the stock can provide shareholders with a growing passive income in retirement.SEGROA large number of retirees acquire property to provide a passive income in retirement, but a better option could be real estate investment trust SEGRO (LSE: SGRO).This business invests in logistics assets across Europe. Over the past six years, its growth has been highly impressive. SEGRO’s book value per share has grown at a compound annual rate of 17% since 2013.As the company has acquired and developed new logistics assets, it has been able to raise its dividend. For the past six years, the dividend has grown at a compound annual rate of 6%.As most of the firm’s tenants pay rent linked to inflation, it seems highly likely this dividend growth trend will continue. The development of new properties will also drive further book value growth, which suggests the stock could offer income as well as capital growth over the long run.The real estate investment trust currently offers shareholders a dividend yield of 2.2%, which is will hit 2.4% in 2020.Meanwhile, SEGRO is dealing at a price-to-book ratio (P/B) of 1.4, which is a bit on the pricy side. However, the company’s development plans coupled with its track record of creating value for shareholders, suggests the business deserves this multiple.Therefore, if you’re looking for a stock that has the potential to provide capital growth as well as a steady income stream, SEGRO could be worth your research time. Our 6 ‘Best Buys Now’ Shares No savings at 60? I’d buy these 2 FTSE 100 dividend shares for a passive income Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.last_img read more

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