Once again, we’re seeing a rather volatile week on the stock market. Stocks are moving up and down, with very little hope that we will see an end to the volatility anytime soon. However, dividends are, again, providing something of a bright spot for investors. Interestingly, oil giants ConocoPhillips and Exxon are providing some safe haven — at least in dividends — in a volatile energy market. Telecoms are also attracting positive attention. Windstream and CenturyLink are both offering some solid dividends in a time of growth and expansion in the mobile telecom market.
Oil prices have fallen recently, even dropping below $80 a barrel at one point. Uncertainty about global economic recovery, means that demand for oil may not be increasing anytime soon, and that has some oil stocks (and investors) a little worried. However, COP and XOM don’t seem too terribly concerned — at least they are confident enough to continue offering solid dividends. XOM has a 2.6% yield, and COP weighs in at 4.1%. Both, even with the oil market volatility, had great 2nd quarter earnings, and quarter 3 shouldn’t be too bad. In any case, profits are expected.
With many people ditching their landlines, it is little surprise that mobile telecoms are seeing increased success. However, some of these telecoms are lagging a little and might be poised to grow. If you are looking for some high yielding dividend stocks, with potential for future growth, WIN and CTL might not be bad choices. Both offer data services and other telecom wireless services, and CTL owns Qwest, which is working to expand its product offerings as landline demand shrinks. WIN has a solid yield of about 8%, while CTL comes in at 8.5%. Both of these are attractive yields.
In uncertain times, when savings yields are low and people are looking for reliable income, it makes sense to consider dividend stocks; they represent bright spots in the market.