Two High-Yield Dividend Stocks to Consider for Seeking a Minimum of 9% Yield: ExxonMobil and Chevron
In today’s volatile market conditions, many investors are seeking reliable sources of income. Two such stocks that have consistently paid high dividends and could potentially yield more than 9% are ExxonMobil (XOM) and Chevron Corporation (CVX).
ExxonMobil: A Dividend Aristocrat
Background and Overview
ExxonMobil, a Fortune 500 company and one of the world’s largest publicly traded international oil and gas corporations, has paid dividends since 1876, making it a Dividend Aristocrat, having increased its payout for at least 25 consecutive years.
Financial Performance and Dividend Yield
ExxonMobil’s strong financial position, as evidenced by its credit rating of A1 by Moody’s and AA- by Standard & Poor’s, makes it a desirable investment for income-seeking investors. Its current dividend yield is approximately 6%, but given the company’s historical growth and its commitment to maintaining a payout ratio, it could potentially reach or even surpass a yield of 9%.
Chevron Corporation: A Stalwart in the Oil Industry
Background and Overview
Chevron Corporation, another global leader in the oil and gas industry, has also demonstrated a consistent commitment to dividends. The company has been paying dividends since 1912 and has increased its payout for over 30 consecutive years, making it a Dividend King.
Financial Performance and Dividend Yield
Chevron’s strong financial position, with a credit rating of A1 by Moody’s and AA- by Standard & Poor’s, is an attractive feature for income investors. Its current dividend yield is around 6%, but given the company’s historical growth and its dedication to maintaining a payout ratio, it could potentially yield more than 9%.