Today I purchased TOT for $47.83 per share. The stock ticker represents Total SA which is a French oil and gas company.
I used the proceeds from selling EDV to purchase TOT. This stock has been on my watch list for about a year and a half now. It looks as though oil prices found their bottom back in February 2016 which took a tool on many oil companies. Now I feel more comfortable purchasing TOT and adding it to my portfolio.
Total SA (TOT) is a French oil and gas company and is one of the largest oil companies in the world. Total SA is considered “big oil” and part of the 7 supermajors which include:
- BP plc (United Kingdom)
- Chevron Corporation (United States)
- ExxonMobil Corporation (United States)
- Royal Dutch Shell plc (Netherlands and United Kingdom)
- Total SA (France)
- Eni (Italy)
- ConocoPhillips Company (United States)
Total SA is involved in the following business segments:
- Oil Exploration & Production
- Gas, Renewables & Power
- Refining & Chemicals
- Trading & Shipping
- Marketing & Services
The company is a component of the Euro Stoxx 50 stock market index and has a market cap of $122.6B.
If you follow the Elliott Wave Principle, I believe this stock has experienced a 3 wave correction from it’s highest price of $74.22 on June 24, 2014. It has now started the next 5 wave pattern up. I believe it is currently in a wave 1. I also like to see that the MACD and RSI are trending upwards.
The company has been paying a consistent dividend for the last 15 years, possibly longer. Since 2012, the dividend payments have been on a quarterly basis. The current dividend yield is 5.59%. The most recent quarterly dividend was $0.6918 and was paid on July 1st, 2016.
I always like to look back about 10 years to see what a stock’s peak price was and the dividend yield during that time. It appears the stock was at it’s highest price in 2008 at $91.34 per share. In 2008, the dividends totaled $3.14. The dividend yield at the peak price was 3.44%.
If this stock was purchased at it’s highest price of $91.34 and was still held today, the dividend yield would still be 3.00%. This is based on the last 4 quarters of dividends which have totaled $2.71.
I will be looking forward to my first dividend payment in October and will be sure to report the results!
Hi readers! Do you currently hold TOT as a dividend stock? If not, would you consider adding it to your portfolio?
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