Dividend stocks are extremely popular among investors. Companies that are considered extremely stable and resilient stand out even more. And we're going to look at two of them.
Chevron $CVX
Chevron is one of the largest oil companies in the world. It was founded in 1879 and is headquartered in San Ramon, California. Chevron operates all major phases of oil and gas exploration, production, refining and distribution. It has extensive operations on every continent, including successful operations in the U.S., Canada, Ecuador, Nigeria and Angola. Chevron produces approximately 2 million barrels of oil equivalent annually.
Chevron is a highly profitable company. No. It generates huge cash flows that allow for high dividends, investment in growth and debt reduction. Chevron's dividend payout is $5.77 per share per year, a 35-year streak of steadily increasing dividend payments. Chevron still has plenty of free cash to fund both growth investments and dividend payments, giving it good prospects…
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