Dividend Yield: 2.9%
While Tesla (TSLA) stock has been hot lately, most folks still use traditional cars to get from Point A to Point B … and that means using traditional oil to fuel those cars. The name that obviously comes to mind as a result: oil exploration and production giant Exxon Mobil (XOM).
Beyond helping you fill up your tank, Exxon also can help you fill out your wallet. While its stock performance has been flat year-to-date, the company’s longstanding dividend makes up the lost ground.
As Dividend Growth Investor recently noted, Exxon has been paying a dividend since 1911 and has increased that payout for 31 straight years. In fact, the annual dividend payment has improved by 9% per year during the past decade — that rate doubles the payout every eight years. That’s nothing to sneeze at.
Right now, XOM’s 63-cent payout is good for a yield of 2.9% and leaves plenty of room for growth.