Investing

5 High-Yielding Dividend Aristocrats May Be the Best Stocks to Own Now

Chevron

This energy giant is a solid way for more conservative investors looking to be positioned in the energy sector. Chevron Corp. (NYSE: CVX) is a U.S.-based integrated oil and gas company, with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals. The company sports a sizable dividend and has a solid place in the sector when it comes to natural gas and liquefied natural gas.

With the strongest financial base of the majors, coupled with an attractive relative asset base, many on Wall Street feel that Chevron offers the most straightforwardly positive risk/reward. Although current conditions do not warrant a large focus on production growth, Chevron possesses numerous medium-term drivers (Noble integration, Permian, TCO/WPMP expansion, Gulf of Mexico exploration, Vaca Muerta, and so on) that should support production levels in the coming years.

Shareholders receive a 5.15% dividend, which the analysts feel comfortable will remain at current levels. The BofA Securities team price target is $125, which is higher than the consensus target of $120.20. The final Chevron stock trade for Wednesday was reported at $104.12.

Kimberly-Clark

This consumer staples leader is a safe bet for nervous investors. Kimberly-Clark Corp. (NYSE: KMB) is a manufacturer of tissue, personal care, and health care products. Global brands include Huggies, Kotex, Kleenex, Cottonelle, Viva, Scott, Depend and Poise, as well as Andrex in the United Kingdom.

Recently, the company announced that it is notifying U.S. and Canadian customers about plans to increase net selling prices for most of its North American consumer products business. Top analysts noted that the percentage increase in prices will be in the mid-to-high single digits. Almost all price hikes are expected to come into effect by the end of June. The hikes will be carried out via changes in list prices. In addition, Kimberly-Clark’s baby and child care, adult care and Scott bathroom tissue businesses will be affected by this move.

In a very positive move for investors, the company also raised the dividend in March by 6.5% to $1.14 per share. The dividend increase now means investors are paid a very tempting 3.48%. The $150 Jefferies Securities price objective for Kimberly-Clark stock is well above the $141.95 consensus figure and Wednesday’s close at $131.03 per share.

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