Are you looking for solid stocks that offer a reliable income stream? If so, you may want to take a closer look at dividend stocks. These investments can provide you with regular payouts, which can help you to meet your financial goals. In addition, dividends can also help reduce your portfolio’s overall risk. Here are some tips on how to get started with dividend investing.
1. Decide how much risk you’re willing to take on. Dividend stocks can be riskier than other types of investments, so it’s important to choose those that match your risk tolerance.
Exxon Mobil Corp. (XOM)
The main oil and gas firms have had a problematic seven years. Since the oil price collapsed in 2014, most energy corporations have decreased their payouts to stay afloat. The only exception was Exxon Mobil. Despite a short-term drop in profits, management maintained its hefty payout.
Enbridge Inc. (ENB)
Oil and gas producers aren’t the only ones reaping dividends from the energy sector. Midstream firms are in charge of storing, transporting, and distributing crude oil, natural gas, and refined goods.
Toyota Motor Corp. (TM)
In recent years, most auto stock traders have focused on electric vehicles or EV companies. That’s understandable; there’s certainly been a lot of activity, and new product launches out of the emerging EV space. …