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Chevron: A Safe Haven Stock For Dividend Investors?

Published Sat, 12 Aug 2017 16:01:37 -0400 on Seeking Alpha

The summer months tend to be a slow period for the financial markets, as reduced trading volumes can limit volatility for investors seeking alpha in their stock positions. This is another reason to explain why it is so important to have solid dividend exposure in your portfolio, as it would be unwise to waste an extended period of time with only limited potential for gains. One stock that offers supreme dividends even in the yield-starved environment we see currently is Chevron Corp. (CVX), which should continue to be supported by strong improvements in earnings and a geopolitical framework that could favor mega-cap energy companies into the final months of this year. We expect companies like Chevron to benefit from geopolitical tensions that have traditionally been viewed as disruptive for the equities space as a whole, as markets redefine their priorities and prepare for sell-offs in much riskier sectors (i.e., luxury brands and technology). Many analysts still refuse to put important energy stocks in the “consumer staple” category that can often work in safe haven, protective investment strategies during periods of global uncertainty and market volatility. But we view that these trends will begin to change - and companies like Chevron will be in a strong position to benefit if this turns out to be the case. With this in mind, we are ready to begin building long positions on dips in CVX, and take the nearly 4% dividend payout while the broader reversal unfolds.
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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CHEVRON 120.22   39.0 3.08 4.32 3.63


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