Promising Dividend Stocks to Watch - February 01

Investors often look for dividend stocks as they offer a combination of income and potential for capital appreciation. Dividend stocks represent shares in companies that share their profits with shareholders through regular cash payments. Based on data from MarketBeat's stock screener tool, here are seven dividend stocks that are currently attracting attention.

Chevron (CVX)

Chevron Corporation is a major player in the energy sector, involved in both oil and gas operations. The company operates in two primary segments: Upstream, which focuses on exploring and producing energy, and Downstream, which handles refining and distribution. Recently, CVX stock saw a dip, trading down $7.11 to reach $149.21, with over 16 million shares changing hands.

AbbVie (ABBV)

AbbVie Inc. is a global biopharmaceutical company known for providing various therapeutic medications, including treatments for autoimmune diseases and cancers. Its stock recently rose by $8.25 to $183.90, with a trading volume of nearly 12 million shares. Some key financial metrics include a market cap of approximately $325 billion and a P/E ratio of 63.85.

Exxon Mobil (XOM)

Exxon Mobil Corporation is engaged in the exploration and production of oil and gas. It includes segments like Upstream and various energy products. XOM stock decreased by $2.75 to $106.82 within midday trading, with over 20 million shares traded. Exxon has a market cap close to $470 billion, and its P/E ratio stands at 13.30.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ is an investment fund designed to provide three times the inverse of the daily performance of the NASDAQ-100 Index. On Friday, the fund's stock traded up by $0.18, reaching $29.03. It has a 52-week range showing significant volatility.

International Paper (IP)

International Paper Company specializes in renewable fiber-based packaging and pulp products. Recently, IP shares traded down by $1.40 to $55.65, with a high trading volume of nearly 37 million shares. The market cap is about $19.3 billion, with a P/E ratio of 47.56.

United Parcel Service (UPS)

United Parcel Service, Inc. is a leader in package delivery and logistics services. UPS stock recently fell by $0.71, reaching $114.19. The stock had a trading volume of approximately 15 million shares. UPS has a market cap of $97.45 billion and a P/E ratio of 17.25.

Verizon Communications (VZ)

Verizon Communications Inc. provides a range of communication, technology, and entertainment services globally. On Friday, VZ shares traded down by $0.07 to $39.41, with a trading volume over 45 million. The company boasts a market cap of about $165.88 billion and has a P/E ratio of 9.52.

As these stocks demonstrate, dividend investments can provide an appealing income stream alongside the potential for growth. Investors are advised to conduct thorough research and consider market conditions before investing.

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