Retired investors may find opportunities in ultra-high-yield stocks, offering quarterly income with lower valuations and potential growth. Wendy’s stock, trading under $9 with a cut dividend, is a risky buy amid industry challenges. With a new CEO search ongoing, the company’s investment in technology may drive cost savings and consumer price benefits.

Chevron, with a 4.4% dividend yield and 16.2 times forward P/E ratio, offers stability for income investors. Despite oil price volatility, the energy giant’s operating efficiencies and potential acquisitions position it for future growth. Energy sector may lack excitement, but big dividends and value exist in blue-chip stocks like Chevron.

Read more at Yahoo Finance: 2 Dividend Greats for Retirees Who Love Quarterly Income