I've been looking at CVX and XOM too. Those who follow them since a while - isn't the dividend in danger?
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XOM is the safer dividend of the two. Neither is in danger in my opinion. Both can borrow to keep the dividend intact.
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03-23-2017, 04:26 PM
(This post was last modified: 03-23-2017, 04:27 PM by ChadR.)
Apple has been issuing debt to pay their dividend. Though in this case, it's because they don't want to pay the tax to bring their foreign money into the US. As long as their debt is manageable, I'm OK with it for the short term. Oil will bounce back, it always does. Just like it will drop once it gets too high. Very cyclical.
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Added a little NUE, UPS and VZ today.
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Picked up 30 shares of CSCO. A new position.
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What happened to the market today? I looked at it in the morning and almost every company on the SP500 was on the green (apart from WBA) and looked again now and it's all negative.
Did the economy go into recession mode from 10 am to 4 pm EST?