3 Ultra-Safe Dividend Stocks to Buy Hand Over Fist in November
Dividend stocks are poised to outperform most other asset classes in the years ahead. The confluence of sticky inflation, challenges to the hegemony of the U.S. dollar as the world's reserve currency, protectionist economic policies, turmoil in the commercial real estate space, along with several other factors, could all weigh on pure-play growth stocks over the balance of the decade.
Dividend stocks are far from a monolith, however. Some equities are head and shoulders above their peers in terms of the sustainability of their quarterly cash distribution to shareholders. Here is an overview of three blue chips that have paid dividends for over a century, and perhaps more importantly, all appear capable of rewarding shareholders with regular cash distributions for the foreseeable future.
ExxonMobil (NYSE: XOM) has dished out dividends to shareholders since 1882. The company emerged from the dissolution of John D. Rockefeller's Standard Oil in the late 19th century and later from the merger of Exxon and Mobil in 1999. Today, it is one of the world's largest oil and gas refiners, with a generous 3.53% dividend yield. Its dividend is also well covered by earnings, evinced by its meager trailing-12-month payout ratio of 36.2%.
Source Fool.com
