With many major stock market indices down year to date, some investors are scrambling to find a safe harbor for their hard-earned savings. One place they are turning to is the energy sector.
Energy has massively outperformed formerly hot sectors like tech, as market participants have gobbled up value stocks and ditched growth stocks. One such name is Schlumberger (NYSE: SLB) , an oil and gas services giant that just boosted its quarterly dividend by 40%.
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This Company Is Up 33% in 2022 and Just Boosted Its Dividend by 40%. Time to Buy Now?