Dow’s segments include Agricultural Sciences, which is engaged in providing crop protection and seed/plant biotechnology products and technologies, urban pest management solutions and healthy oils. The Consumer Solutions segment consists of Consumer Care, Dow Automotive Systems, Dow Electronic Materials and Consumer Solutions-Silicones businesses.
The Infrastructure Solutions segment consists of Dow Building & Construction, Dow Coating Materials, Energy & Water Solutions, Performance Monomers and Infrastructure Solutions-Silicones businesses. Performance Materials & Chemicals consists of Chlor-Alkali and Vinyl, Industrial Solutions and Polyurethanes businesses. The Performance Plastics unit consists of Dow Elastomers, Dow Electrical and Telecommunications, Dow Packaging and Specialty Plastics, Energy and Hydrocarbons businesses.
The dividend yield is 4.90%. Credit Suisse team has set its price objective at $68. Dow stock has a consensus target of $58.41, about the same as Thursday’s close at $58.44.
Chevron
This integrated giant is a safer way for investors looking to get positioned in the energy sector, and its shares have backed up nicely. Chevron Corp. (NYSE: CVX) engages in integrated energy and chemicals operations worldwide.
The Upstream segment is involved in the exploration, development, production and transportation of crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transportation of crude oil through pipelines; and transportation, storage and marketing of natural gas, as well as operating a gas-to-liquids plant.
The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in cash management and debt financing activities, insurance operations, real estate activities and technology businesses.
Chevron posted strong fourth-quarter results, and it remains one of the best ways to play energy safely.
The company pays a 3.76% dividend. The $212 Raymond James is higher than the $193.07 consensus target, and Chevron stock closed on Thursday at $162.56.
These five top Dow stocks are still offering good entry points and come with lofty and dependable dividends. While it is possible we have more market downside, these companies have survived market and economic downturns in the past and likely will this time as well. Given the recent volatility, it may make sense for investors to scale-buy shares over a 30- to 60-day timeframe, just in case a big sell-off should come our way.
Originally published at 24/7 Wall St.
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