3 Dividend Stocks That Will Survive the Oil Panic

Woe to the oil sector… 3 Dividend Stocks That Will Survive the Oil PanicCrude oil prices have dipped below $50 per barrel for West Texas crude prices, with any number of analysts predicting a $20 per barrel floor. The sector is seeing layoffs across the spectrum of suppliers, producers and middle-men. Marathon Oil (MRO) “adjusted” its dividend in the face of its struggles to maintain a strong cash flow position. Yessir, all is going to heck in a hand basket for the industry and the underlying stocks of its players. Unless, of course you want to look at things a bit differently…

That’s where the dividends part comes in. Riding out the storm while collecting steady paychecks keeps a floor under the price of those who are firm in paying consistent and rising dividends to investors. Keep your eyes fixed on the dividends from the biggest players still in the game. Here are those three names to know: Phillips 66 (PSX), Valero Energy (VLO) and Energy SPDR (XLE).

Source: InvestorPlace

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