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 corrections. While no one knows when the next recession will hit, there's good reason to believe we're closer to the next one than the last one. Now would be a good time, then, to clad your portfolio in armor to protect it from the inevitable downturn. One of the best ways is through investing in quality, dividend-paying stocks, a key attribute for investors living off their stocks in retirement...
Here's why global energy giant ExxonMobil (NYSE:XOM) may be one of the best stocks for income-loving investors girding themselves for the fall. Oil is north of $60 per barrel now, but having spent the past few years preparing its business to run on lower oil prices, Exxon is among just a handful of producers that can still profit if a new bear market swamps the industry. The combination of investments upstream, downstream, and in chemicals allowed it to outline a path forward that it says will let it double its earnings by 2025 to $31 billion. Even during the Great Recession, which sent shock waves through the oil industry, Exxon was financially stable enough to continue paying out its dividend. The yield on Exxon's dividend is now 5% as a result of the depressed share price, but without adding too much risk, even though it has substantial negative free cash flow at the moment.
Source: Motley Fool
Related Articles:
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 5 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- Why We Are Dividend Growth Investors
- 3 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income
Why Retirees Should Scoop Up This Dividend Stock Before the Next Recession
Posted by D4L | Friday, January 17, 2020 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
In an attempt to put a lid on inflation, the Federal Reserve has stated that it intends to raise its benchmark federal-funds rate by 0.25% a...
-
If you have contemplated selling shares of some of the companies you own this year, you likely aren't alone. Considering how volatile th...
-
Dividend Kings, stocks with at least 50 consecutive years of dividend growth, are favorites of many income investors. High-dividend yields c...
-
Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay di...
-
Readers may want to do a stock valuation on the stocks in their favorite sectors and wait patiently until they become cheap. Patience is a v...
-
This is a clear recipe for investors to follow, and will lead us quite naturally to two recent stock recommendations from Morgan Stanley’s a...
-
Dividend utility stocks might seem bad for your portfolio during high inflation and rising interest rates. However, the sector has done well...
-
Companies that have either been through past downturns or have the pricing power to offset the costs of inflation provide a crucial element ...
-
Dividend reinvestment plans, or DRIPs, can be effective ways to accumulate shares of high-quality companies for those with limited capital t...
-
Do you have the stomach for contrarian investing - betting against the crowd? Sometimes that's necessary in order to find value. Why buy...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.