Doubling your dividends always sounds like a good idea. However, it can be a pretty difficult thing to do. Knowing which stocks will acutally double can be difficult, but here are some tip offs that my interest you. HawkInvest picked a number of stocks that are expected to see doubling dividends in the next 2-3 years. Here are the energy stock picks.
BP PLC. (BP) is a major integrated oil and gas company. The past couple of years have been tough for BP due to the oil spill in the Gulf of Mexico but, profits are expected to improve. The dividend yield is nearly 5% and is likely to rise as claims related to the oil spill are resolved. If BP grows earnings to about $8 or $9 per share in a couple years and the market puts a higher multiple on the stock it could double to about $70 per share.
Marathon Oil Corporation (MRO) is a leading oil exploration and production company. This stock was trading around $31 in July and looks like a solid value at current levels. The price to earnings ratio is only about 7, and the dividend is nearly 2.5%. Plus, this stock is trading close to book value, which is $23.40.
Total SA (TOT) is a major integrated oil company, based in France with operations worldwide which include refining, exploration, and service stations. Total stock has been declining based on lower oil prices and debt concerns in Europe. It now trades at a very cheap price to earnings ratio of about 6, and pays a strong dividend.
These companies already have solid dividends. Luckily, you now know they are expected to double! We found this to be a good tip, we hope you do too!
Quotes taken from report by HawkInvest, Read the entire article here.
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