"The real question for income investors isn't where crude goes next. It's which energy companies have built dividend machines so durable that oil price swings barely register on the payout schedule. We found four, ranked from solid to exceptional on dividend durability."
"As a refiner and midstream operator, its economics are tied more to crack spreads and throughput volumes than to crude prices directly. PSX just raised its quarterly dividend to $1.27 in Q1 2026, up from $1.20 per quarter throughout 2025. The dividend has grown steadily from the $0.20 range back in 2012, never once being cut."
"Altria has raised its dividend 60 times in 56 years. The current quarterly payout is $1.06, and the stock yields 6.11%. CEO Billy Gifford summed up 2025 simply: 'we grew adjusted diluted earnings per share by 4.4% and returned $8 billion to shareholders.'"
WTI crude oil experienced significant volatility, swinging nearly $18 per barrel between January 2025 and February 2026. Income investors should focus on energy companies with resilient dividend structures rather than predicting oil prices. Phillips 66, a refiner and midstream operator, raised its quarterly dividend to $1.27 in Q1 2026 with a 2.88% yield and unbroken dividend growth since 2012. Altria Group, though not an energy company, demonstrates dividend durability with 60 dividend increases over 56 years and a 6.11% yield. These companies exemplify dividend machines that maintain payouts despite market fluctuations.
Read at 24/7 Wall St.
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