ATTENTION: Income Investors

DIVIDEND ACCELERATORS WEEKLY:

Last Call for Q1 Dividends: Four Quality Names Going Ex-Dividend 1/17

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Editor's Note:
In light of recent market volatility and increasing interest in defensive stocks, we've compiled detailed analyses of key dividend aristocrats and stable growth companies - all demonstrating resilient business models and consistent dividend growth.

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EOG Resources

NYSE: EOG
$137.06
+6.70% (1W) +8.12% (1M)

Why We're Watching

EOG Resources demonstrates exceptional operational efficiency in premium U.S. basins with industry-leading drilling technologies and completion techniques. The company's strong balance sheet featuring $6.1 billion in cash reserves, combined with its strategic positioning in key energy-producing regions, makes it a standout in the current market environment.

Market Cap
$77.09B
P/E Ratio
11.05x
Dividend Yield
2.85%
Payout Ratio
31.46%

Key Dates

Earnings Date
Feb 22, 2024
Ex-Dividend Date
Jan 17, 2024
Dividend Payment
Jan 31, 2024

Analyst Coverage

12
Buy
9
Hold
0
Sell
$144.21
Avg Target
21
Total Ratings
Consensus: Buy

Strengths

  • Industry-leading drilling technology
  • Strong balance sheet ($6.1B cash)
  • Premium basin positioning
  • Low-cost producer status
  • 27.9% 5-year dividend CAGR

Risks

  • Oil price volatility exposure
  • Environmental regulations
  • Capital intensity requirements
  • Geopolitical uncertainties
  • Energy transition pressures

Final Thoughts

EOG Resources stands out in the energy sector through its technological excellence and operational efficiency. The company's robust financial position, demonstrated by its substantial cash reserves and conservative 31.46% payout ratio, provides significant flexibility for both growth investments and shareholder returns. While energy price volatility remains a key consideration, EOG's low-cost producer status and strategic positioning in premium basins offer defensive characteristics. The company's impressive 27.9% five-year dividend CAGR, combined with its strong operational execution, positions it well for long-term value creation in the evolving energy landscape.

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This Is By Far My #1 Income Stock

I am often asked what my favorite dividend stock is.
$19.9B
Revenue Last Year
$5.6B
Paid in Dividends
$35B
Expected Future Sales

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