Yahoo Finance Live’s Brian Sozzi breaks down the stat of the day.
When the stock market is red-hot and showing no signs of slowing down, a dividend payment here and there seems like a drop in the bucket. Investing in equal parts of ExxonMobil (NYSE: XOM), PPG Industries (NYSE: PPG), and Stanley Black & Decker (NYSE: SWK) gives an investor a dividend yield of 3%. Over a period of five years, you can expect a $10,000 investment in this basket to produce $1,500 of passive income.
ESG and climate activism are now taking a backseat amid the global energy crisis, and it seems that oil majors that have adopted an ESG strategy are no longer a favorite among investors