Jul 19, 2021 (StockMarket.com via COMTEX) -- Could These Top Dividend Stocks Be A Good Hedge For Your Portfolio Right Now?
Despite the solid figures so far this earnings season, investors are beginning the week wondering why stocks are down. With rising coronavirus fears and inflation scares plenty, dividend stocks could be a go-to in the stock market now. For the most part, this would be the case amidst times of uncertainty and market volatility. That is because dividend stocks , as the name suggests, offer investors more consistent forms of income in dividends. Now, as the broader market retreats from its recent highs, I could see investors looking for the top dividend stocks to invest in.
Overall, dividend stocks do not often provide the most explosive gains. As mentioned earlier, their lack of exciting growth is compensated for with consistent returns. Because of this, some of the top names in this sector of the stock market today include industry giants. For instance, we could look at consumer stapleslike General Mills ( NYSE: GIS ) and Kraft Heinz ( NASDAQ: KHC ). Not only do they provide dividends, but their products would also be in demand regardless of pandemic conditions. If anything, some would argue that times like this would incentivize investors to diversify their portfolios. While growth names take a breather, dividend stocks could be worth considering. Should you share the same sentiment, here are five to consider now.
Top Dividend Stocks To Buy [Or Sell] This Week
General Electric Company ( NYSE: GE )
Exxon Mobil Corporation ( NYSE: XOM )
McDonald's Corporation ( NYSE: MCD )
Brookfield Renewable Partners ( NYSE: BEP )
Coca-Cola Company ( NYSE: KO )
General Electric Company
General Electric (GE) is a multinational conglomerate that is headquartered in Boston. The company operates mainly through its Energy, Health Care, and Aviation segments. It continues to deliver cutting-edge technology solutions to countries all around the world. Notably, GE is strategically focused on playing an essential role in helping the global energy transition and building decarbonization solutions for companies and countries. GE stock closed Monday's trading session at $12.00 per share and is up by over 70% in the past year.
Recently, the company announced that it will partner with the government of Quebec, Canada for the expansion of its wind turbine blade facility there. The parties involved will jointly invest in the expansion of the facility owned by LM Wind Power, a GE Renewable Energy business. The investments will enable the company to expand its existing facility to meet the growing demand for renewable energy across North America. Ultimately, this expansion will result in the creation of 200 skilled jobs, providing clear evidence of how support for renewable energy can yield long-term economic growth. All things considered, will you buy GE stock?
Exxon Mobil Corporation
Exxon Mobil is an oil and gas corporation that is also one of the world's largest publicly traded energy providers. The company, in essence, develops technologies to help meet the world's growing needs for energy and high-quality chemical products. Impressively, it is also one of the largest refiners and marketers of petroleum products. XOM stock currently trades at $55.35 a share as of Monday's closing bell. The company's latest dividend payment was at a rate of $0.87 per share.
Last Friday, the company signed a memorandum of understanding to participate in a recently announced Acorn carbon capture and storage project (CCS) in Scotland. The project plans to capture and store approximately 5-6 million tons of CO2 per year by 2030.