PSX - 2 High-Octane Dividend Stocks That Investors Won't Want to Overlook
2024-06-20 06:11:00 ET
Companies that grow their dividends tend to produce the highest total returns over the long term. According to data from Hartford Funds and Ned Davis Research, dividend growers in the S&P 500 have delivered a 10.2% annualized total return over the last 50 years. That has outperformed the average S&P 500 member's 7.7% total return.
Some companies do a better job growing their dividends than others. EOG Resources (NYSE: EOG) and Phillips 66 (NYSE: PSX) stand out for their high-octane payouts. Here's why investors won't want to overlook these dividend oil stocks .
EOG Resources is one of the largest oil and gas producers in the country and focuses on developing its highest return locations. That returns-focused investment strategy has paid big dividends over the years by allowing EOG Resources to generate significant and rising free cash flow.
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2 High-Octane Dividend Stocks That Investors Won't Want to Overlook