This company released Q2-2019 results recently. The results beat both revenue and earnings estimates. It reported decreasing earnings on the back of lower price realizations and declining margins, but the company also benefited from strong production growth. The company is free cash flow-strong which points to growing shareholder distributions going forward. An investment in the stock yields 4.9 percent.
Despite a solid earnings beat last week, Exxon Mobil's (XOM) shares continued to sell off as fears over an escalating trade war between the United States and China weighed on investor sentiment. I think the drop is a good opportunity to add Exxon Mobil to a high-quality DGI portfolio as the company has exceptional free cash flow power and will continue to raise its dividend payout going forward. An investment in XOM yields a whopping 4.9 percent.
Source: Seeking Alpha
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Buy The Drop Of This 4.9%-Yielding Energy King
Posted by D4L | Friday, August 30, 2019 | ArticleLinks | 0 comments »________________________________________________________________
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