6.90k followers • 11 symbols Watchlist by The Motley Fool
Companies that not only tend to beat the market, but pay you as they do.
Curated by The Motley Fool
Dividend Aristocrats are the model of consistency. To be a part of the club, a company must be a member of the S&P 500 index and have increased its annual dividend payment for the last 25 years. Many associate the group with income investing and dividend growth, but Dividend Aristocrats have beaten the broader market in total returns, notching better results over one-,three-, five-, and 10-year periods. Within this group of quality companies, our analysts like 10 in particular for investors looking for steady stable income (and some growth too!).How did we choose these stocks?
Each of these stocks is not only a Dividend Aristocrat but also an active recommendation of a Motley Fool premium investing service as of 8/31/2016.Who made these selections?
The Motley Fool is dedicated to helping the world invest — better. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, mutual funds, and premium investing services.How are these weighted?
This watchlist consists of equally weighted stocks.
|Watchlist||Change today||1-month return||1-year return||Total return|
|Dividend Growth Market Leaders||-0.55%||+1.48%||+23.44%||+14.86%|
|Symbol||Company name||Last price||Change||% change||Market time||Volume||Avg vol (3-month)||Market cap|
|JNJ||Johnson & Johnson||144.68||+0.68||+0.47%||16:00 GMT-5||15.64M||6.67M||380.88B|
|KO||The Coca-Cola Company||51.6||-0.69||-1.32%||16:00 GMT-5||39.02M||15.06M||221.75B|
|MCD||McDonald's Corporation||217.44||+0.40||+0.18%||16:00 GMT-5||2.98M||2.96M||162.02B|
|XOM||Exxon Mobil Corporation||38.13||-2.06||-5.13%||16:02 GMT-5||45.42M||30.24M||161.22B|
|MDT||Medtronic plc||113.7||-0.89||-0.78%||16:00 GMT-5||5.11M||4.53M||152.86B|
|SHW||The Sherwin-Williams Company||747.63||+11.82||+1.61%||16:00 GMT-5||799.76k||484.71k||67.90B|
|EMR||Emerson Electric Co.||76.82||-1.34||-1.71%||16:03 GMT-5||2.49M||2.57M||45.94B|
|CTAS||Cintas Corporation||355.3||-5.79||-1.60%||16:00 GMT-5||394.66k||433.66k||37.17B|
|AFL||Aflac Incorporated||43.93||-1.35||-2.98%||16:00 GMT-5||5.20M||4.04M||30.86B|
|MKC||McCormick & Company, Incorporated||186.98||+0.50||+0.27%||16:00 GMT-5||773.04k||545.27k||24.93B|
(Bloomberg) -- Exxon Mobil Corp. said it will write down the value of U.S. and South American natural gas assets by as much as $20 billion, the largest impairment in its modern history, and slashed long-term capital spending plans.Some of the company’s North American and Argentine gas fields have been removed from its development plan, resulting in non-cash impairment charges of $17 billion to $20 billion for the fourth quarter, Irving, Texas-based Exxon said in a statement Monday. Capital spending won’t exceed $25 billion a year through 2025, a $10 billion reduction from the company’s pre-pandemic target.Exxon has been warning shareholders since October that its gas assets were at risk of significant impairment. Previously, the energy titan’s largest writedown was for about $3.4 billion in 2016, according to Bloomberg Intelligence.Exxon’s drastic spending cuts are aimed at defending its dividend, the third-highest in the S&P 500 Index and a mark of pride for the company, which has increased it each year for almost four decades. Cash shortfalls due to the Covid-19 pandemic have put the payout under unprecedented strain in recent months, forcing the company to boost borrowing.“Continued emphasis on high-grading the asset base -- through exploration, divestment and prioritization of advantaged development opportunities -- will improve earnings power and cash generation, and rebuild balance sheet capacity,” Chief Executive Officer Darren Woods said in the statement.The writedown stems from former CEO Rex Tillerson’s decision a decade ago to buy XTO Energy for $35 billion rather than spend years building an in-house shale business. At the time, the outlook for North American gas prices was bright because demand was rising faster than supply.Instead, fracking was a victim of its own success, unleashing so much gas that it overwhelmed demand and the infrastructure needed to handle it, resulting in a prolonged stretch of depressed prices.U.S. rival Chevron Corp. recorded an impairment of more than $5 billion on Appalachian gas a year ago, and recently agreed to sell those fields to EQT Corp. for about $735 million.(Corrects verb tense in first paragraph to show that Exxon will take the writedown)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shares of oil stocks, including ExxonMobil (NYSE: XOM), Phillips 66 (NYSE: PSX), and ConocoPhillips (NYSE: COP), crashed sharply lower in Monday trading, ending the day down 5.1%, 7.1%, and 7.5%, respectively. In part, the share price declines can be traced back to declines in the price of oil -- as you'd expect -- with the cost of WTI crude falling 0.8% today, and Brent crude prices declining 1.2%. What's more, if you look closely you might notice that the price of oil is actually up -- not down -- nearly 5% over the past week.
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