3 Elite Dividend Stocks Yielding 3%-Plus to Buy Without Hesitation in July
Dividend stocks can be wonderful investments. As a group, they have outperformed the broader market over the last 50 years (with a 9.2% average annual total return versus 7.7% from an equal-weighted S 500 index).
And the best returns come from companies that steadily increase their payouts -- 10.2% a year on average. (NYSE: CVX), Coca-Cola (NYSE: KO), and Medtronic (NYSE: MDT) have elite track records of growing their dividends. Those payouts currently yield over 3% -- double the 1.5% dividend yield on the S 500 -- and should continue rising. Because of that, investors don't need to think twice about buying them this July.
Chevron currently yields 3.8%. The company has an exceptional track record, increasing its payout annually for 36 straight years, the second-longest streak in the oil patch. It has risen at a 6% compound annual rate over the last 15 years -- and twice as fast as its closest peer over the last five years.
Source Fool.com
Chevron Corp. Stock
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 34.73% compared to the current price of 132.86 € for Chevron Corp..
