2 Dividend Stocks I'd Buy Right Now
The S&P 500 index is near record highs and its yield is a miserly 1.3% or so, hinting at a market that is far from cheap. And yet there are still sectors that are deeply unloved, like energy. That's exactly where you'll find the two dividend stocks I recently bought and still think are worth a close look from any investors that want to maximize their current income in a low-yield world.
Integrated energy giant Total (NYSE: TOT) is in the same league as ExxonMobil, Chevron, Royal Dutch Shell, and BP. But there's one massive difference. When the chips were down in 2020, as oil prices cratered along with demand during the coronavirus pandemic, Total stated very clearly that its dividend would hold as long as oil averaged around $40 per barrel. Shell and BP cut their dividends. Exxon and Chevron said their dividends were important, but didn't provide any guidance on what that meant. For me, that was an important statement and provided something to which I could hold management accountable.
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Source Fool.com