Dividends4Life: High-Yield Oil Stocks to Pump Out Profits

Big oil stocks have been decidedly soft across the last year or so. This includes megacap Exxon Mobil (NYSE:XOM), up just 7% in the past 12 months vs. 18% for the S&P 500 Index. BP (NYSE:BP) also is up about 7% in the same time frame, and Occidental Petrolum (NYSE:OXY) is up a mere 2%. But if you believe that a cyclical recovery is in the works for the next few years, then the energy sector might not be a bad place to look. After all, a more robust economic outlook means bigger demand for crude and subsequently bigger profits for oil stocks.

Obviously you’ll have to be patient, especially after some recent news and data regarding China’s slowdown and stagnant U.S. GDP. But what if you can grab a juicy dividend to offset some of that underperformance while you wait, then be in great position once the oil demand picks up? That’s exactly what these three picks provide: Seadrill (NYSE:SDRL), Baytex Energy (NYSE:BTE) and BP Prudhoe Bay Royalty Trust (NYSE:BPT).

Source: InvestorPlace

Related Articles:
- 5 Higher-Yielding, Income Growing Tech Stocks
- Warning Signs of an Imminent Dividend Cut
- 7 Higher-Yielding Consumer Stocks To Build Your Yield
- 2 High-Yield Investments To Increase Income While Waiting On Dividend Growth
- 6 Healthcare Dividend Stocks For A Healthy Portfolio

Click here to have future posts delivered to you for free!



Post a Comment

Note: Only a member of this blog may post a comment.


Popular Posts Last 30 Days