Top Dividend Stocks to Monitor: TSLA, Exxon, and Chevron Shine

According to MarketBeat’s stock screener tool, three notable dividend stocks are gaining attention as of December 8, 2023: Direxion Daily TSLA Bull 2X Shares, Exxon Mobil, and Chevron. These companies have exhibited the highest dollar trading volume among dividend stocks in recent days, making them worthy of investor consideration.

Dividend stocks represent shares of companies that regularly distribute a portion of their profits to shareholders, typically through cash payments known as dividends. Investors often pursue these stocks for their potential to provide a steady income stream and a degree of stability in total returns. It is essential to note, however, that the amounts and timing of dividends can fluctuate, and payments are not guaranteed.

Among the highlighted stocks, Direxion Daily TSLA Bull 2X Shares (TSLL) stands out for its leveraged exposure to Tesla’s stock performance. This fund is designed to provide twice the daily return of Tesla’s share price, appealing to investors looking to capitalize on short-term movements in the electric vehicle market.

Exxon Mobil (XOM) remains a significant player in the global energy sector. It is one of the largest publicly traded oil and gas companies, known for its robust dividend history and financial performance. The company’s commitment to returning capital to shareholders is evident in its consistent dividend payments, even amid market fluctuations.

Chevron Corporation (CVX), a key competitor in the energy market, engages in integrated energy and chemicals operations both in the United States and internationally. The company operates primarily through two segments: Upstream and Downstream.

In the Upstream segment, Chevron is involved in the exploration, development, production, and transportation of crude oil and natural gas. This includes processing, liquefaction, transportation, and regasification of liquefied natural gas. Furthermore, Chevron manages the transportation of crude oil through pipelines, as well as the storage and marketing of natural gas. The company also invests in carbon capture and storage technologies, alongside operating a gas-to-liquids plant, highlighting its commitment to sustainable energy solutions.

These three dividend stocks are drawing considerable attention from investors, particularly those seeking reliable income sources. With a focus on companies that have demonstrated strong performance and substantial trading activity, MarketBeat’s insights provide a valuable resource for stock market participants looking to make informed investment decisions.