{"id":523627,"date":"2022-07-12T04:29:53","date_gmt":"2022-07-12T08:29:53","guid":{"rendered":"https:\/\/financhill.com\/blog\/?p=523627"},"modified":"2022-06-27T08:41:45","modified_gmt":"2022-06-27T12:41:45","slug":"safe-oil-dividends-now","status":"publish","type":"post","link":"https:\/\/financhill.com\/blog\/investing\/safe-oil-dividends-now","title":{"rendered":"3 Safe Oil Dividends Now"},"content":{"rendered":"

Chasing after high-yield dividend stocks is usually a bad idea for income-oriented investors.<\/span><\/p>\n

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In fact, the most important thing to consider when picking dividend-paying firms is whether or not they have the ability to keep on making distributions quarter after quarter.<\/div>\n
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Indeed, dividend safety is crucial if you want to compound your returns over the long haul.<\/div>\n
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So, with that thought in mind, here are 3 of the best oil companies offering the safest of dividend payouts.<\/div>\n
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Shell<\/h2>\n
Despite announcing a fairly hefty cut in 2020, Shell (NYSE:SHEL<\/a>)<\/strong> is slowly starting to reposition itself as something of a growth stock as far as its dividend is concerned.<\/div>\n
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For instance, the energy company recently declared a 4.2% increase to its prior distribution<\/a>, taking its forward yield to a very respectable 3.75%. In addition, Shell is also embarking on an aggressive $8.5 billion share buyback scheme, with $4 billion of that already having been purchased during the first quarter of 2022.<\/div>\n
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Indeed, during its latest earnings results conference call, the firm\u2019s Board reiterated its commitment to bring its dividend back in line with pre-2020 levels, saying that, at the moment, its payout and buybacks are \u201cexceeding those that we had in Q1 2020.\u201d<\/div>\n<\/div>\n