PSX - 3 Unstoppable Dividend Stocks That Benefit From Higher Oil and Commodity Prices
Rising oil and gas prices have been a key cause of inflation. In fact, the consumer price index rose 7.9% between February 2021 and February 2022, marking the largest year-over-year U.S. inflation reading in 40 years.
A strained supply chain and years of underinvestment may result in higher oil and gas and commodity prices for longer than just the short term. Caterpillar (NYSE: CAT) , Deere & Company (NYSE: DE) , and Phillips 66 (NYSE: PSX) are three dividend stocks that are benefiting from the current economic situation, but also have the qualities needed to support a long-term investment thesis. Here's what makes each company a great buy now.
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3 Unstoppable Dividend Stocks That Benefit From Higher Oil and Commodity Prices