While energy prices remain elevated, there has been plenty of volatility in the sector. For many smaller producers, the current trend in prices is wreaking havoc on their bottom lines. That’s why it pays to go with the big boys like our latest Best Dividend Growth Stocks Model addition. Our pick is having no trouble navigating the market and continues to reward investors with strong dividend potential. This includes its latest 70 cent per share special dividend that investors can take advantage of before the stock goes ex-dividend on Friday, December 23!
Our pick is one of the largest independent energy producers in the world. The win is that our pick used the last oil downturn to get “lean & mean.” This had it focusing on low-cost shales and driving the cheapest production with drilling technology. The end result is that our pick has become one of the stronger names in the sector, having the ability to navigate the volatile oil and natural gas price environment.
With plenty of cash flow to keep rewarding shareholders, buying back stock and acquiring struggling rivals, our latest pick is well positioned to remain a strong performer in the foreseeable future.
To make room for our new energy stock, we’ve been forced to remove a pharmaceutical name with a focus on biotechnology from the portfolio.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
