ExxonMobil (NYSE: XOM) has been a surprising stock market winner this year. Despite sluggish energy prices and the broader sector taking a back seat to the excitement in high-growth technology companies, shares of Exxon are up 20% thus far in 2024 and near its all-time high. The oil and gas giant continues to deliver solid financial results, reaffirming its blue chip status with a long history of generating positive shareholder returns.
As the U.S. stock market continues to show resilience, with major indexes like the Dow Jones Industrial Average and S&P 500 on track for weekly gains, investors are increasingly looking towards dividend stocks as a stable source of income amidst fluctuating market conditions. In this environment, selecting dividend stocks that offer solid yields can be an effective strategy for those seeking consistent returns while navigating the current economic landscape.