15 Safe Dividend Kings for This Summer: Part 2

Exxon Mobil (XOM): Like Chevron (CVX), ExxonMobil’s price will largely be determined by the general economy and the price of oil. Nonetheless, there is a lot to like about this stock, and we even prefer it to CVX. XOM has a market cap of $419.8B, making it the largest company in the entire world. The stock pays a 2.21% dividend, and the trailing P/E of 12.11 is slightly higher than Chevron’s, but is still right around the industry average. As such a huge company, Exxon is incredibly diversified, both geographically and in business segments. Considering its strong balance sheet, which is almost debt-free, the only real risks with Exxon are the price of oil and an overall economic meltdown. On the other hand, the company has surprising upside considering its enormity. The firm recently announced one of its biggest reserve discoveries ever... Read more