Seeking Alpha

Bennington Inve...'s  Instablog

Bennington Investment Ideas
Send Message
Any article created here is for informational and educational purposes only and shall not be construed to constitute investment advice. Nothing contained within an article, comment, or posting shall constitute a solicitation, recommendation or endorsement to buy or sell any security.
  • Top Paying Dividend Stocks - Oil & Gas 0 comments
    Sep 9, 2012 10:35 PM | about stocks: VLO, BP, CVX, XOM

    Taking a look at some common, large cap dividend stocks in the Oil & Gas industry. It is important to distinguish between MLPs and dividend paying stocks which have different tax and accounting issues. The following table shows a quick selection of some majors with their forward dividend yields.

    Top Paying Dividend Stocks
    TickerNamePriceForward Dividend EstimateForward Yield
    CVXChevron Corporation114.003.703.2%
    XOMExxon Mobil Corporation89.922.442.7%
    BPBP plc41.932.105.0%
    VLOValero Energy Corporation32.180.712.2%
    SPYS&P 500 Trust ETF144.332.912.0%

    Source: Yahoo!Finance, author calculations and estimates.

    BP plc (NYSE:BP) shows a great improvement in increasing its quarterly dividend from $0.42 to $0.48. However it should be noted that this is down from its previous level of $0.84 per share. Chevron Corporation (NYSE:CVX) is another promising opportunity. This $223 billion company (market capitalization) has a strong track record of paying dividends. Valero Energy Corporation (NYSE:VLO) is another dividend stock with an above market yield. VLO is focused on oil refining and marketing company. I look forward to doing some more research and digging back into the basic materials and energy sector to review dividend paying stocks.

    Disclosure: I am long SPY.

    Additional disclosure: Disclaimer: This article is for informational and educational purposes only and shall not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation or endorsement to buy or sell any security.

    Stocks: VLO, BP, CVX, XOM
Back To Bennington Investment Ideas' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.