This Double-Digit Dividend Stock Is 40% Off – Buy It Now

Shah Gilani|March 28, 2023

Whenever you have a story as enormous as the banking crisis, it can be hard to step back and take a look at the big picture. Given enough time, the shockwaves from the SVB collapse and everything that’s followed it are going to even out. It may take longer than we want, and there may be some bumps on the road, but the stock market is ultimately a cyclical phenomenon.

That means that now is the time for savvy investors to start looking for depreciated assets in good companies that are poised for a steep climb when the dust settles. And one of the best places to look right now is in the traditional energy sector.

Here’s the thing, people – yes, we keep staggering toward a future that is likely to be driven by renewables. But that future is decades away, and in order to get there, we need power to even get those technologies developed. The only reliable source for that power is oil and gas, bottom line.

A lot of energy stocks have taken a hit thanks to the broad market impact of the banking crisis. That presents us with an opportunity to pick up great stocks at a steep discount, and the pick I have for you today checks all the boxes.

It’s an oil and gas producer with a $31 billion market cap, and it’s remained immensely profitable even though that industry has been plagued by massive supply chain issues – we’re talking a trailing 12-month (TTM) revenue of $19 billion and a 31.87% profit margin.

And if that isn’t enough for you, there’s a fat dividend payout to collect just for owning it – around 11% at time of writing, funded by $5.96 billion available to common shareholders.

To get the ticker, check out the video below:

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We’ll be back next week with another “Take It to the Bank” recommendation. Keep an eye on your inbox!