This 6.9% Dividend Has Soared in ’24 (Its Next Crash Is Close)

2024 may be remembered as the year the stock-market recovery “stuck.” While 2023 resuscitated stocks from their 2022 doldrums, it’s been 2024 that got the indices to hold above all-time highs. Also, unlike 2023, this year’s gains are increasingly broad-based, with nine out of the 11 sectors of the S&P 500 up so far. The biggest winner? The energy sector, which has been bolstered by particularly strong gains from Marathon Petroleum (MPC), Exxon Mobil (XOM) and Phillips 66 (PSX) . Energy Gains Across the Board Is this an opportunity, especially for income-hungry investors? After all, energy stocks’ payouts can be massive, with pipelines offering yields well over 10% in many cases.… Read more