Nearly 5 year growing energy producer added to Best Dividend Growth Stocks Model portfolio
When you produce goods, the higher the price of the material, the more money you make. It’s that simple. For the energy sector, soaring crude oil prices have meant many gains over the past few quarters. Our latest portfolio picks for the best dividend growth stock model proves that fact!
After a smart transformation during the crisis, our pick has grown into one of the top crude oil and natural gas producers in the country. With key positions in low-cost shales and a focus on drilling technology, our pick has continued to see increasing margins and profits with rising prices.
Our pick has quickly emerged as a dividend champion. With a new base plus variable dividend policy, investors have been able to enjoy rising cash flows with a steady diet of dividend increases over the past few quarters.
With a tremendous current yield of over 7% and plenty of growth going forward, our energy pick is a top opportunity for dividend growth. Watch out for when the stock goes ex-dividend Friday 16 September (expected date).
To make room for our energy selection, we removed one consumer goods company from the portfolio.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.