Chevron, which has already suspended its share repurchase plan, usually raises its dividend in April. Obviously, that did not happen, but the dividend news among XLE’s top 10 holdings has generally been good this year despite concerns about low oil prices. [A big if for a big Energy ETF]
Schlumberger (NYSE: SLB) and Kinder Morgan (NYSE: KMI), XLE’s third- and fourth-largest holdings, respectively, have also recently boosted payouts. So did Occidental Petroleum (NYSE: OXY) and Williams Cos. (NYSE: WMB). Those four stocks combine for 18.8% of XLE’s weight. XLE, the largest energy ETF by assets, has seen 2015 inflows of $1.92 billion.
Energy Select Sector SPDR
