Ditto that - CVX (Chevron) is a great company. I bought when the Divvy was 5+% (somewhere in the 70s, thank God). Lot lower Div than that now, but oil is probably never going to go away and the income stream is too tempting to pass up.
I’ve been increasing my Divvy paying stocks, and TRYING to not pay attention to the share price.
Other great picks (IMHO) are HCN, O, F, VZ, T, CTL.
Reap those dividends. Just don’t ever sell the shares and all is good.
I did throw a dart at the board myself and have been buying IEP (Icahn Enterprises) stock because the share price is still affordable (for me) and the company has been paying a quarterly dividend of $1.50 per share.
I’ll be buying some Chevron next week as soon as my deposit arrives.
Agree and wish I had learned this a lot sooner. It is not set and forget though. A lot of widow and orphan paying companies are gone from solid dividends. A company borrowing to pay dividends is probably not long for it.
Managed dividend investments are the way to go.