Could Buying Chevron's High-Yielding Stock Today Set You Up for Life?

What most dividend investors want are reliable income streams from well-run companies. Those are easier to find in some sectors, like consumer staples, than others, like energy. This can lead to income investors winding up with a portfolio that's too narrowly focused as they gravitate to the industries with the most consistent dividend stocks.Chevron (NYSE: CVX) breaks the mold. If history is any guide, it could easily set you up for a lifetime of reliable dividends despite operating in one of the stock market's most volatile industries. Here's what you need to know and why you might want to buy it.Consumer staples companies make things that people need to use regularly, no matter what is happening in the world, the economy, or their personal finances. Think soap and toilet paper, neither of which you'll cut back on buying even during a deep recession.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool