September Steady Income Picks: Chevron, Enbridge, Enterprise
The worst month for the stock market historically is September, and with the Federal Reserve's interest rate hike possibilities increasing and the market near all-time highs, a downturn might be expected.
However, income investors are more concerned with dividend stability and underlying business resilience than short-term volatility.
Chevron (NYSE: CVX) stands out as an integrated oil giant with a remarkable 39-year consecutive dividend increase streak, including through the pandemic, recessions, and oil price crashes.
Its forward dividend yield is over 3.5%, and despite recent growth opportunities from its acquisition of Hess, Chevron can fund its dividend program even if Brent crude prices drop below $50 per barrel.