The current world oil price situation is a good example.
Today, pricing volatility pushed Chevron (NYSE: CVX) stock price to another 52 week low and I'm almost giddy because who among us does not like a big sale. Amazon had a big sale yesterday with their Amazon Prime Day so it's only appropriate that fans of dividend stocks like myself get a chance to go discount shopping too :)
Today, pricing volatility pushed Chevron (NYSE: CVX) stock price to another 52 week low and I'm almost giddy because who among us does not like a big sale. Amazon had a big sale yesterday with their Amazon Prime Day so it's only appropriate that fans of dividend stocks like myself get a chance to go discount shopping too :)
The key difference between these two shopping spree is that I'm buying an asset that will slowly appreciate and pay dividends (S&P 500 Dividend Aristocrates) for a long time while almost all the products sold on Amazon yesterday will probably be obsolete, worthless and forgotten in less than 6 months time.
Chevron's dividend yield now stand at 4.5% and that is just fantastic !
This purchase will add $64/yr to my dividend income portfolio
Basic info:
Market CAP: 184B Dividend %: 4.5
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