Dividends are a simple way to collect income from stocks without selling part of a position. In this vein, dividends can be an excellent way to earn a return regardless of what stock prices are doing.
Got a little extra cash you're ready to put to work, but can't find any stocks you want to buy? Don't make it complicated.
If you are looking for reliable dividend payers with high yields as March gets underway, then you'll want to get to know Enterprise Products Partners (EPD -1.03%), Chevron (CVX 1.42%), and Enbridge (ENB -2.10%). With yields of up to 6.4% backed by decades of annual increases, all three of these investment opportunities are highly compelling.
Despite Chevron's stock underperforming relative to the S&P 500, I maintain a 'buy' rating due to management's optimistic free cash flow and capital return projections. Chevron's acquisition of Hess and its significant production growth initiatives, particularly in Kazakhstan and the Permian Basin, promise substantial future cash flow increases. Management's cost-cutting measures, including workforce reductions and flat capital expenditures, aim to enhance operational efficiency and support robust share buyback programs.
Recently, Zacks.com users have been paying close attention to Chevron (CVX). This makes it worthwhile to examine what the stock has in store.
CVX has received a 30-day notice from the Trump administration to stop pumping and selling Venezuelan oil and wrap up its operations in the country.
The energy sector is the lifeblood of the economy, keeping the wheels of commerce turning. The past year has been quite a roller coaster for energy stocks, with volatility and performance lagging the broader market.
Shares of oil and gas majors ExxonMobil (XOM -1.99%), Chevron (CVX -0.80%), and ConocoPhillips (COP -1.85%) were all trailing the market today, falling 3.6%, 2.8%, and 4.2% at their lows, before recovering to declines of 3%, 1.9%, and 3%, respectively, as of 12:51 p.m. ET.
Chevron Corporation CVX shares are trading lower on Wednesday. Goldman Sachs analyst Neil Mehta hosted the company for an in-person meeting with investors in New York.
CVX gets a 30-day deadline to wrap up its operations in Venezuela, giving a major blow to U.S. refiners and Venezuela's economy.
CNBC's Becky Quick reports on the latest news.
Venezuela's exports of crude and fuel rose in February to their highest since November, vessel monitoring data showed, as the U.S. prepared to terminate a key license that allows oil major Chevron to operate and ship crude from the country.