This 3% Yielding Energy Stock Has Hiked Its Dividend for 43 Straight Years. Here's Why I'd Buy It Without Hesitation Right Now.
ExxonMobil is still a reliable income stock to own in this choppy market.
Overview
ExxonMobil (NYSE: XOM) has raised its dividend for 43 consecutive years. That puts it on track to join the elite club of Dividend Kings, which have raised their payouts annually for at least half a century. It currently pays a forward yield of 3%.
ExxonMobil maintained that streak even as the U.S. endured four major recessions over the past four decades. Including reinvested dividends, its stock has generated a total return of 4,450% over the past 40 years. Let's see why it's so resilient, and why I'd still buy it today.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.