Summary: This guide explores the 3 best oil dividend stocks to watch out for this month. The most convenient way to invest in these three leading players in the energy sector is through a reputable brokerage platform like eToro.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
What are oil dividend stocks?
Oil dividend stocks belong to companies in the oil and gas sector that distribute a portion of their profits to shareholders in the form of dividends. These dividends are a share of the company’s earnings and are typically paid out regularly, therefore, providing investors with a steady income stream.
Note
3 best oil dividend stocks to buy this month
- Marathon Petroleum Corporation (NYSE: MPC);
- Chevron (NYSE: CVX);
- EOG Resources Inc (NYSE: EOG).
Note
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Marathon Petroleum Corporation (MPC)
Marathon Petroleum Corporation is a leading player in the energy industry, involved in refining, marketing, and transporting petroleum products. With a robust dividend history, MPC has consistently rewarded its shareholders. As of this year, the stock also boasts an annual dividend yield of 2.18%.
The company’s strategic positioning in the refining sector and a commitment to shareholder value make it a compelling choice for income-oriented investors. So, keep an eye on MPC as it navigates the evolving energy landscape.
Marathon stock price today
Your capital is at risk.
Chevron (CVX)
Chevron is a well-established multinational energy corporation engaged in all facets of the energy sector, such as exploration, production, refining, and marketing. Known for its stability and resilience, Chevron has an annual dividend yield of 4.17% as of the current market conditions.
Also, Chevron’s diversified operations across the energy value chain provide a cushion against market fluctuations. Investors seeking a reliable dividend income should, therefore, consider investing in the company for its track record of consistent payouts.
Chevron stock price today
Your capital is at risk.
EOG Resources Inc (EOG)
EOG Resources is a leading independent exploration and production company in the oil and gas sector. With a focus on innovation and efficiency, EOG has positioned itself as a key player in the industry. As of now, EOG offers an annual dividend yield of 2.94%.
Investors attracted to growth potential along with dividends may find EOG Resources particularly appealing. Also, the company’s commitment to technological advancements and operational excellence adds a layer of confidence for those looking to invest in the energy sector.
EOG stock price today
Your capital is at risk.
Where to buy oil dividend stocks?
When it comes to buying and selling stocks, choosing the right platform is crucial. Our go-to broker is eToro, a user-friendly and popular online trading platform that allows investors to access a wide range of stocks, including oil dividend stocks like MPC, CVX, and EOG. It also offers a range of useful features, including:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
For those interested in dividend investing, feel free to check out our other guides, including:
- 3 Best Undervalued Dividend Stocks;
- 3 Best Energy Dividend Stocks;
- 3 Small-Cap Dividend Stocks;
- 3 Warren Buffett Dividend Stocks;
- 3 Best UK Dividend Stocks;
- 3 Best Dividend Stocks.
Pros and cons of buying oil dividend stocks
Pros
- Steady income: Oil dividend stocks provide a consistent income stream through regular dividend payments;
- Potential for growth: Some oil companies offer the dual benefit of dividends and potential capital appreciation;
- Sector stability: The energy sector tends to be more stable compared to others, providing a defensive position during market uncertainties.
Cons
- Market volatility: While the energy sector is relatively stable, it is not immune to market fluctuations;
- Dependence on oil prices: Oil dividend stocks are influenced by the volatility of oil prices, which can impact profitability;
- Regulatory risks: The energy sector is subject to various regulations that can affect operations and financial performance.
Common mistakes to avoid when buying stocks
- Ignoring research: Failing to research and understand the fundamentals of a company can lead to uninformed investment decisions;
- Overlooking risk tolerance: Assessing and understanding your risk tolerance is crucial to avoid uncomfortable situations during market downturns;
- Chasing high yields: While a high dividend yield may be tempting, it’s essential to assess the sustainability and reliability of the dividend.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about oil dividend stocks
Are oil dividend stocks a good investment for beginners?
Oil dividend stocks can be suitable for beginners seeking income and stability. However, thorough research and understanding of the energy sector are essential.
How often are dividends paid out?
Dividend payment frequency varies among companies. Some pay quarterly, while others may pay annually or semi-annually.
What are the 3 best oil dividend stocks to buy now?
Considering historical performance and potential stability, three notable oil dividend stocks to explore could include Marathon Petroleum Corporation (NYSE: MPC), Chevron (NYSE: CVX), and EOG Resources (NYSE: EOG), but it’s crucial to check current market conditions and seek updated financial advice before making any investment decisions.
Can I buy oil dividend stocks on eToro?
Yes, eToro provides a platform where you can buy and sell a variety of stocks, such as oil dividend ones.
