Let me start with one admission: I have no idea when the current slide in the oil price will end. I won’t insult your intelligence by putting out a price target because I – like everyone else — would be pulling a number out of thin air. Broad supply and demand imbalances do not cause market crashes.
When I build a retirement income portfolio, I look for stocks with long histories of paying and raising their dividends regardless of what is happening in the market. And today, after the rout in oil price stocks, we have our pick of the litter among world class dividend payers. Today, I’ll share three of my favorites: Exxon Mobil Corporation (XOM), Chevron Corporation (CVX) and Enterprise Products Partners L.P. (EPD).
Source: InvestorPlace
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