3 Blue Chip Stocks in December
Blue chip stocks are the stocks of big, well-known businesses with a track record of strong performance and are thought to be relatively safe. These stocks are less volatile than others and provide higher stability and dividend payments, making them an appealing option for investors seeking a relatively safe and predictable return.
While blue chip stocks may not have the same growth potential as more risky investments, they can still provide a reliable source of income and long-term gains. Because of this, they are frequently regarded as a good choice for conservative investors.
Exxon Mobil announced better-than-expected financial results for the Q3 of 2022 late last month. XOM reported Q3 2022 earnings of $4.45 per share and revenue of $112.1 billion. Furthermore, Exxon Mobil reported a 51.9% increase in revenue year over year. Meanwhile, the company announced a $0.91 per share dividend for the fourth quarter of 2022, an increase of $0.03 per share.
Following that, 3M Company (MMM) is a global science corporation. 3M’s product portfolio is diverse, encompassing health care, consumer goods, office supplies, and adhesives. The business also manufactures products like surgical masks, sutures, and Band-Aids, making it a significant player in the medical device sector. The business is also a significant distributor of office products like Scotch tape and Post-it notes.
The Board of Directors of 3M Company declared a quarterly dividend of $1.49 per share on common stock for the Q4 of 2022 this month, according to an announcement made by the company. This dividend represents more than 100 years of uninterrupted dividend payments to shareholders by 3M.
Aside from that, MMM reported a profit for the third quarter of 2022 late last month. In particular, the company reported earnings of $2.69 per share and revenue of $8.6B in the third quarter of 2022.
Finally, Honeywell International (HON) is a large, diverse technology company that operates across multiple industries. That manufactures a wide range of consumer goods, engineering services, and aerospace systems. In addition, the company offers engineering services to the aviation and automotive industries. Honeywell International reported better-than-expected 2022 financial and operating results in late October. To begin, HON reported third-quarter 2022 earnings of $2.26 per share and revenue of $9 billion for the quarter. Honeywell International also stated that it expects earnings per share of $8.70 to $8.80 in the Fiscal Year 2022 on revenue of $35.40B to $35.70B.