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7 Blue-Chip Dividend Stocks That Won’t be Impacted by Rising Interest Rates - 7 of 7

 
 

#7 - Schlumberger (NYSE:SLB)

The last stock on this list is also from the energy sector. However, investing in Schlumberger (NYSE:SLB) is a more indirect play. Specifically, Schlumberger provides technology for the energy industry. The company is one of the first companies to report second-quarter earnings and delivered a beat on both the top and bottom lines. That’s becoming a regular occurrence for the company.

And both revenue and earnings are projected to see double-digit growth over the next five years. That should help investors overlook the company’s P/E ratio, which, at around 19x, is slightly elevated for its sector.

The company’s dividend is not particularly impressive. However, as Thomas Hughes analyzed recently for MarketBeat, a little context is necessary. Like many energy companies, Schlumberger cut its dividend significantly at the onset of the pandemic. With energy stocks at the beginning of what is likely to be a multi-year growth cycle, Schlumberger looks to have plenty of room to grow its dividend in the coming years.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. Read More 
Current Price
$36.83
Consensus Rating
Moderate Buy
Ratings Breakdown
17 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$58.85 (59.8% Upside)

 

Staying invested in volatile times doesn't mean being foolish. But it does illustrate the importance of investors staying in the market no matter what is happening in the broader economy. Because when the market changes direction, it usually does so swiftly and aggressively.

And that's a reason why investors should be looking at blue-chip dividend stocks. In bull markets, these are not typically the high fliers. But in bear markets, these stocks are less bad and, in some cases, even deliver positive capital growth. And because these companies pay dividends, investors have another option to increase their total return.

Volatile times teach investors the significance of performing the proper due diligence. MarketBeat provides subscribers with many tools that can help you identify and research stocks to buy. One example of this is our Top-Rated Dividend Stock Screener. You can sort stocks by a number of variables, including market capitalization, dividend yield, and analyst ratings. The screener also informs you of indicators that may be causing the stock to be moving, such as an upcoming earnings report.

 

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