Top 5 Oil & Gas Stocks With Recent Announced Dividend Hikes

Credits: Canva

By: Aquib Nawab

Finance

Chevron, one of the world's largest energy companies, operates globally. Based in San Ramon, CA, it's fully integrated, engaged in all aspects of energy. From oil production to refining and marketing, Chevron covers it all.

1 - Chevron

Credits: Chevron

Chevron recently raised its dividend by 8%, now offering $6.52 per share annually. This translates to a 4.3% dividend yield for investors. The effective date is Feb 16, 2024.

Chevron's Dividend Boost

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2 - The Williams Companies

The Williams Companies, founded in 1908, is a North American energy infrastructure provider. Their operations include finding, producing, gathering, processing, and transporting natural gas and liquids.

Credits: Williams

Williams Companies increased its quarterly dividend by 6.1%, now at 47.50 cents per share. This results in an annualized yield of 5.5%, effective from Mar 8, 2024.

Increasing Dividends: The Williams Companies

Credits: Williams Energy, Instagram

Magnolia Oil & Gas explores, develops, and produces natural gas, crude oil, and liquids. Headquartered in Houston, TX, they focus on the Eagle Ford Shale and Austin Chalk formations.

3 - Magnolia Oil & Gas

Credits: Magnolia Filling Station, Instagram

Magnolia's Growing Dividends

Magnolia recently raised its quarterly dividend by 13% to 13 cents per share. This change will become effective on Feb 16, 2024, offering a 2.6% dividend yield.

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HighPeak Energy, based in Fort Worth, TX, extracts unconventional oil and gas. It was formed in 2020 through the merger of HighPeak Energy and Pure Acquisition Corporation.

4 - HighPeak Energy

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HighPeak Energy proposed a quarterly dividend of 4 cents, marking a 60% increase. Stockholders of record on Mar 1, 2024, will enjoy a 1.2% dividend yield.

HighPeak Energy's Dividend Proposal

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5 - Royal Dutch Shell

Shell, a major oil supermajor, is a key player in LNG with a focus on long-term strategy. The London-based company became the world's largest LNG producer and shipper after acquiring BG Group.

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Shell increased its dividend by 4% to $1.376 per share annually. At yesterday's closing price, this yields a 4.4% dividend, as each ADS represents two ordinary shares.

Shell's Increasing Dividends

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