To quote, fictional race car driver Ricky Bobby, “If you’re not first, you’re last!” That statement is important in the energy industry. And our newest Best Energy Dividend Stocks List pick has used that first-mover status to its advantage, providing big wins for its shareholders. This includes its latest special dividend of $1.5 per share, which investors can tap into before Wednesday September 14, when the stock goes ex-dividend.
Our pick was one of the first energy firms to dive headfirst into U.S. shale. This gave it first-mover status in some of the biggest and lowest-cost regions in the country. As a result, our pick has had a long history of having one of the lowest costs of production/break-even points in the sector.
Better still, our pick has continued to embrace technology to improve drilling rates and profitability at these fields. Adding in some innovative management and “drill now, produce later” techniques, our pick has been able to keep production high and costs low for years. And now with energy prices rising, our pick’s profits have surged. This makes it a great play for income seekers looking for growth.
In order to make room for our E&P pick, we’ve been forced to remove a midstream firm from the list.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
