EQNR - This High-Yield Dividend Stock Has Big Plans for Rewarding Its Shareholders
2024-03-17 05:04:00 ET
When you think about large integrated oil majors, companies like ExxonMobil , Chevron , Shell , TotalEnergies , and BP probably come to mind first. But Norwegian energy giant Equinor (NYSE: EQNR) is also up there.
Unlike its peers, which have a more distributed ownership base, 75% of Equinor is owned by the Norwegian state and Norwegian private owners. Only 12% of its shareholders resided in the U.S. as of the end of 2022.
Here's why Equinor is a high-yield dividend stock for passive income investors to consider and why it's worth including in a diversified portfolio of fossil fuel and renewable energy investments.
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This High-Yield Dividend Stock Has Big Plans for Rewarding Its Shareholders