Dividend stocks can provide consistent income, but may still be affected by market downturns. These downturns can present investors with opportunities to acquire stocks at discounted prices. Despite their decreases in share prices, some companies like ExxonMobil, LAND REIT, and Nucor show promise for recovery. ExxonMobil, in particular, is recognized for its reliable dividend history, raising distributions for 42 consecutive years. Investors could capitalize on these situations, identifying potential bargains among previously solid dividend distributions.
Market downturns can create diamonds in the rough that have been unfairly punished due to broader forces at play, not some company-specific setback.
With a market cap of $449.3 billion, Exxon Mobil is a major oil and gas play in the energy sector.
ExxonMobil is considered a safe dividend play, having increased its annual distribution for 42 consecutive years.
Nucor is down 24.4% over the past 12 months, but Wall Street analysts are largely bullish.
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