InvestorPlace’s Bret Kenwell recently wrote an article about Exxon Mobil (NYSE:XOM) stock entitled By Maintaining Its Dividend, Exxon Mobil Stock Is an Energy Name to Hold.
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Bret makes excellent points about why an investor might want to bite into its juicy dividend yield. Now, to be clear, Bret likes to focus on the technical aspects of stocks, so his argument is more about how XOM stock is setting up for a good entry point for investors to benefit from the medium- and long-term rise in oil prices.
If you’re looking beyond tomorrow or the next day, he reckons an 8% yield isn’t a bad reward for taking on above-average risk. He’s absolutely right. It’s the only reason investors are jumping into Exxon Mobil stock right now. It’s akin