On April 29, Exxon (NYSE:XOM) declared its regular 87 cents per share dividend. This makes Exxon Mobil stock very attractive with its annualized 7.8% dividend yield at today’s price. At the time, Exxon Mobil stock had an 8.3% dividend yield. I said then that XOM was very attractive since I believe the management about the dividend. I was proven right with the recent announcement. However, I still believe that Exxon is undervalued.
XOM stock is worth more, possibly much more than its current stock price. Its dividend is stable and the dividend yield should continue to fall. The price of oil and gas will normalize with the uptick in global economic activity. In the long term, Exxon looks like a winner.
Source: InvestorPlace
Related Articles:
- If Only I Had Known About These Dividend Stocks...
- 12 Dividend Stocks and 3 ETFs To Balance Your Asset Allocation
- 3 Communications Services Stocks With Increasing Dividends
- 4 Stocks With Room To Grow Their Dividend
- 6 Stocks That Have Paid Dividends For Over 100 Years
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
At times like this, it is tempting to jump on a bandwagon and buy up the growth stocks, aiming to capitalize on the broader trends. But is t...
-
In today’s near-zero interest rate environment, it’s been tough for investors looking for yield. There are many high-yielding dividend stock...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Three high dividend stocks to buy now feature a business development company (BDC), a national real estate investment trust (REIT) and the o...
-
The research analysts at Wells Fargo have been searching the markets for the ‘right’ buys, and their picks bear a closer look. They’ve been ...
-
This past year has been the ultimate stress test for dividend stocks. Some companies failed miserably as they either slashed or suspended th...
-
Dividend stocks are a great choice for investors looking for a regular income stream. The best dividend stocks offer a growing payout in add...
-
The dividend-paying cleaning stocks to buy now amid the COVID-19 pandemic should benefit from heightened sanitary expectations by consumers ...
-
Rather than subject themselves to this risk, savvy investors can stabilize their portfolios by taking positions in reliable dividend growth ...
-
The best dividend stocks can generate excellent long-term returns. Even better, investors can buy high-quality dividend stocks when they are...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.