Exxon Mobil (XOM) is one of those companies that needs no introduction despite not being a consumer-oriented company. The largest oil producer in the world is trading at the highest dividend yield it has in the last 22 years. Given a 10% discount rate, the value of the dividend stream alone is worth approximately the price of the stock today and the company is trading just below its 5-year average PE multiple.
Given a mostly positive outlook and increased capex in upcoming years, I expect volumes to increase along with margins. At the current price of $74 I believe dividend growth investors should consider purchasing this monolith. I will personally be initiating a position in upcoming days.
