Key Highlights
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Chevron, while operating in the volatile energy sector, has successfully increased its dividend for 38 consecutive years.
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Coca-Cola, recognized as a Dividend King, currently appears to be priced reasonably.
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Realty Income has established a three-decade-long reputation for consistent and steady dividend growth.
- Explore 10 stocks we prefer over Chevron ›
As November begins, consider checking out reliable dividend stocks like Chevron (NYSE: CVX), Coca-Cola (NYSE: KO), and Realty Income (NYSE: O). All three offer appealing yields, with the shortest dividend streak being 30 years. Here’s a brief overview of each.
Chevron: A Steady Energy Performer
Chevron boasts an impressive record of 38 years of annual dividend increases, particularly notable given the fluctuations in the energy sector. The unpredictable nature of oil and gas prices results in significant variances in energy company sales and profits, something that affects Chevron similarly to its peers.
Coca-Cola: Dividend King with Reasonable Pricing
Currently, Coca-Cola may not present as a standout buy, yet it seems reasonably priced, or possibly even undervalued. Its price-to-sales, price-to-earnings, and price-to-book-value ratios are all slightly below their five-year averages. Notably, reputable Dividend Kings like Coca-Cola are not frequently on sale, and when they are, the discounts are usually modest.
Realty Income: A Reliable Dividend Source
With 30 years of consistent annual dividend increases averaging about 4.2%, Realty Income may not exhibit explosive growth but it does outpace historical inflation rates. This means that Realty Income’s dividends have gradually maintained their purchasing power. The stock is suitable for conservative income investors seeking stability.
Conclusion: November Investment Considerations
Certainly, Chevron, Coca-Cola, and Realty Income are leading companies in their respective industries, all offering attractive yields as November kicks off. Taking the time to investigate these stocks may lead to adding one or more to your portfolio by the month’s end.
Investment Reflection on Chevron
Before investing in Chevron, it’s important to consider that the Motley Fool Stock Advisor analyst team has pinpointed what they believe to be the 10 best stocks to currently consider, none of which include Chevron. This selection is projected to yield significant returns in upcoming years.
