Stocks to watch on Tuesday: CE, IEX, SONC >>> READ MORE

3 Dividend Stocks in the ‘Sweet Spot’

Fiscal cliff or not, income-producing stocks will remain key

      View All  

2) Chevron

Chevron Corp. (NYSE:CVX)One of the steadiest players in the oil and gas industry, Chevron (NYSE:CVX) is also one of the titans of the dividend-paying world, having started payouts in 1912. With a dividend yield right at 3.5% and a P/E of under 10x, Chevron is in a true sweet spot for dividend investors, with room to increase both dividends and capital appreciation.

While profitability suffered — along with other energy players like Exxon Mobil (NYSE:XOM) — as crude oil prices fell during the year, Chevron’s ability to generate cash and keep costs lower than its competitors led InvestorPlace‘s Tom Taulli to recommend the stock as a buy. I totally agree.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC