Mega cap companies are those with market caps higher than $100 billion. They tend to be leaders in their industries and traded with enough volume that a momentum buy or sell is almost possible, even if the company itself is not volatile – but they aren’t all made the same, so to speak. Many mega cap companies pay dividends in addition to the type of returns normally offered by an equity investment, like the ones on this list. Each company on this list has a market cap over $100 billion and pays dividends over 2%. They also have low payout ratios and betas under 1.
Exxon Mobil Corporation (XOM) is a major integrated oil and gas company with a $408.00 billion market cap. It is currently priced at 10.26 times its earnings. XOM pays a 2.21% dividend yield and has a 21.96% payout ratio. Analysts give it a 2.2 on a scale from 1.0, meaning “Strong Buy,” and 5.0, meaning “Sell.” The company has a 0.51 beta and recently traded for $85.12 a share. Ken Fisher’s Fisher Asset Management had $518.97 million in XOM at the end of the third quarter, while Phill Gross and Robert Atchinson’s Adage Capital Management had $497.18 million in the company at the end of September. Just visit Insider Monkey for more details about mega cap companies.