“Oil flirts with 3-year highs: Lock in these stable 5%+ yields before they disappear”
September 27, 2021
“A rebound in oil prices — and oil stocks — presents an unexpected opportunity for investors to collect some healthy dividend checks while fundamentals continue to improve. On Friday, oil prices rose for a third straight week near three-year highs on growing fuel demand and tight supplies due to the hurricanes in the Gulf of Mexico. Despite the rebound, some big dividend-doling energy stocks continue to offer yields in excess of 5%…
In the most recent quarter, for instance, Exxon earned $4.7 billion in profits on revenue of $67.7 billion thanks to significant recovery in demand. More importantly, the company delivered operating cash flow of $9.7 billion, easily funding several of management’s shareholder-friendly actions…
With the stock still off 11% from its 52-week highs and offering an especially fat dividend yield of 6.0%, it might be time to ride that operating momentum with some extra cash…”
https://finance.yahoo.com/news/oil-flirts-3-highs-lock-140300650.html