Officially, the inflation rate was 8.5% in the twelve months through March 2022. Many companies are facing unrelenting pressure with higher input costs. For instance, labor is more expensive since the unemployment rate is very low at 3.6%.
We discuss four stocks that are seemingly benefitting from the inflationary environment and will apparently have a good year in 2022.
ExxonMobil (XOM) is one of the world’s largest oil and gas exploration and production companies in the world. The annual dividend rate is $3.52 per share, giving an excellent forward dividend yield of 4.16%.
Coca-Cola is known for its dividend. The company is one of the longest dividend paying companies, with a 102-year streak. The forward dividend rate is $1.76 per share, giving a dividend yield of about 2.7%.
The company's dividend has a high growth rate of approximately 18.8% in the past decade and 17.32% in the trailing 5-years. The forward dividend rate is $3.20 per share, giving a dividend yield of 1.60%.