The 3 Safest Oil Dividends Right Now
The biggest fear for most dividend investors is a dividend cut. This is why simply chasing the highest-yielding stocks is usually a mistake. In the oil patch, which is facing long-term headwinds as the world looks to reduce carbon dioxide emissions, there are still a few options where the risk of a dividend cut looks very low. This is why dividend investors will like Royal Dutch Shell (NYSE: RDS.B), Chevron (NYSE: CVX), and TotalEnergies (NYSE: TTE).
Getting the bad news out of the way, Royal Dutch Shell cut its dividend at the start of 2020 just as it was preparing to shift its business toward a cleaner future. However, the energy company basically stated that it wanted to get back to steady dividend growth as quickly as possible. It has since done that, having announced three dividend increases since the cut. Management is living up to its promises and, with a lower payout, the dividend looks more secure than it has in many years.
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Source Fool.com
