Crude oil’s plunge has continued unchecked thanks to firm supplies and weak demand. Since last summer’s peak, black gold has plunged about 60% to current prices around $45 per barrel. It goes without saying that oil stocks have moved in a similar fashion. The broad sector proxy — the Energy SPDR (XLE) — is off by about a third over the past 52 weeks. That drop in price obviously would appeal to those looking for long-term value stocks to buy, but another group of investors should be licking their lips: income hunters. Many oil stocks — including a number of high-quality names — are increasingly attractive from a dividend perspective thanks to those price drops.
The XLE itself sports a 30-day SEC yield of 3.2%, and that’s after having yielded in the 1.5% to 1.8% range within the past couple of years. That yield certainly beats the pants off 10-year Treasuries and puts oil stocks on par with many more traditional high-yielding sectors that don’t have the same potential for rebound gains. Today, we’ll look at a number of beaten-down oil stocks to buy for their suddenly much more appealing dividends: Exxon Mobil (XOM), Occidental Petroleum (OXY), Murphy Oil (MUR), Kinder Morgan (KMI) and Apache (APA).
Source: InvestorPlace
Related Articles:
- Don't Forget: Buy And Hold Is Not Buy And Forget
- The Coca-Cola Company (KO) Dividend Stock Analysis
- Dividend Stocks vs. a Safe Distribution Rate
- 12 Under-Valued Dividend Stocks
- Successful Investors Take The Emotion Out
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Strange but true: seniors fear death less than running out of money in retirement. So what's a retiree to do? You could cut your expense...
-
If you're anticipating a long retirement, you'll want to remain invested in stocks to give your money a chance of outpacing inflatio...
-
When writing this article, I was looking for an ideal list of dividend-paying stocks that consistently raise their dividends each year. In a...
-
If I could teach investors one thing, it would be how to identify and value “Forever Assets.” These businesses constitute the single best wa...
-
Dividends are profit sharing payments sent out to stockholders. Companies have a variety of reasons for paying them, ranging from simply swe...
-
Dividend-paying stocks from generally low-risk, top notch companies are a brilliant way to create steady and solid income streams to supplan...
-
All bull markets come to an end, and this past decade has been a remarkable one for investors who've escaped largely unscathed from any ...
-
Nothing, of course, is forever. Sears would have been a very good investment for a long time had you purchased it before or even during the ...
-
One of the most exciting things about many dividend stocks is that they not only pay regular dividends, but also increase those dividends on...
-
When writing this article, my plan was to find an ideal list of high-yield stock that is expected to have a higher dividend next year. To ma...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.