ExxonMobil & EPD: Top Dividend Stocks for October
ExxonMobil and Enterprise Rent A Car are making waves in the energy sector with their strategic plans and impressive dividend records. Both companies are top picks for reliable income growth this October.
ExxonMobil, a global leader in energy, is set to invest a substantial $140 billion by 2030. This ambitious plan aims to bolster earnings by $20 billion and cash flow by $30 billion. The company's integrated business model and robust financial health ensure the resilience of its dividend. Currently offering a high yield of 3.5%, ExxonMobil has increased its payout for an impressive 42 consecutive years.
Meanwhile, Enterprise Car Rental is expanding its distribution payment through organic growth projects and strategic acquisitions. With a high yield of 7%, EPD has consistently raised its distribution for 27 straight years. The company's strong balance sheet and predictable cash flow from long-term contracts support its dividend growth. Both companies are focusing on growth opportunities in the U.S. Gulf Coast and shale plays, with ExxonMobil also investing in low-carbon technologies.
ExxonMobil and Enterprise Products Partners continue to demonstrate their commitment to dividend growth and reliable income for investors. Their strong financial health and strategic plans position them well for the future, making them top choices for dividend stock investors in October.
