Beijing based oil and energy company China Petroleum & Chemical Corp (NYSE:SNP) could be a stock to look into for investors who are on the hunt for stocks that might may dividends and steady gains.
Over the course of the year so far, the China Petro&Chm stock has managed to deliver gains of as much as 7.62% so far. However, the more important thing to keep in mind in this regard is the fact that the company recently paid out dividends of as much as $1.8 a share and that worked out to a dividend yield of a staggering 9.19%.
That is far higher than the 5.57% dividend yield generated by the Oil and Gas – Integrated – Emerging Markets industry and the 1.4% paid out by the S&P 500 companies on average. Dividends are something that investors are almost always on the lookout for due to the inherent advantages. The profits from stock investments rise significantly and on top of that the volatility of an investor’s portfolio is also managed in a much better way.
Last but certainly not the least, there are certain tax advantages that can be derived from dividends as well. Hence, China Petro&Chm is a stock that investors could consider adding to their watch lists at this point.
Oil and gas investors may also want to look at Allied Energy Corp. (OTCMKTS:AGYP) as it begins pumping oil from wells in Texas. While energy price and demand reach record highs, AGYP is an independent that has literally struck oil and has started pumping barrels when domestic buyers need it most.
