Chevron stock price finally dipped below USD 100 so I thought it was a good time to buy. I do not know how dependent we will be of oil in the future, with all the investments going into green energy. But I believe that there will still be a demand for it and that there will be a peak before there's been a full transition into other energy sources. And I think the big oil companies will work on finding alternatives to oil by investing into green energy, so I don't believe that they will become worthless in the future. Good companies are able to adapt to changes in their industry. Also when it comes to ESG I think it's a bit of trend that will slowly diminish, it was super hot last couple of years but I think it has been crammed now.
They also have a nice dividend yield and have been raising dividends for a long time, and even did so this and last year.
Looking at my dividend distribution across the year I need to boost my dividends for January, February, July and August. I will try too look for companies that have payouts in those months going forward. I know that there are some good ones out there that I have already on my watch list that payout during those months.
Number of shares bought: 40
Price: USD 99.73
Effect on yearly dividend: +SEK 1,550.00
Inga kommentarer:
Skicka en kommentar