We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
A common approach by investors is to target dividend-paying stocks.
After all, it’s easy to see why; dividends provide a passive income stream, cushion impacts from drawdowns in other positions, and provide the ability to achieve maximum returns through dividend reinvestment.
And in a historically-volatile 2022, it goes without saying that dividends have been a precious item for investors.
Just recently, several large-cap stocks have upped their dividend payouts, undoubtedly boosting shareholders’ confidence in a big way.
Three large-cap stocks – ConocoPhillips (COP - Free Report) , Atmos Energy Corp. (ATO - Free Report) , and EOG Resources, Inc. (EOG - Free Report) – have all recently hiked their dividend payouts.
Below is a chart illustrating the year-to-date performance of all three stocks, with the S&P 500 blended in as a benchmark.
Image Source: Zacks Investment Research
As we can see, all three stocks have witnessed positive momentum in 2022, outperforming the S&P 500 by wide margins.
Let’s take a closer look at each one.
ConocoPhillips
ConocoPhillips is one of the world’s largest independent E&P companies based on production and proved reserves.
In its Q3 report, the company upped its quarterly dividend by 11% to $0.51 per share and announced a variable return of cash of $0.70 per share, payable on Jan. 13th, 2023, to stockholders of record at the close of business on Dec. 27th, 2022.
Image Source: Zacks Investment Research
Further, COP reported quarterly free cash flow of $6.6 billion in Q3, representing a 61% Y/Y increase. As we can see in the chart below, the company’s free cash flow has recovered nicely from 2020 lows.
Image Source: Zacks Investment Research
Atmos Energy Corp.
Atmos Energy Corporation is the nation’s largest fully regulated, natural gas-only distributor of safe, clean, efficient, and affordable energy.
In its latest earnings release, the company’s Board of Directors declared a quarterly dividend increase of roughly 9% on its common stock to $0.74 per share, payable on Dec. 12th, 2022, to shareholders on record as of Nov. 28th, 2022.
Image Source: Zacks Investment Research
EOG Resources
EOG Resources is primarily involved in exploring and producing oil and natural gas. The leading upstream energy player’s operations are spread across the United States, Trinidad, and other international segments.
In the company’s Q3 earnings release, it declared a 10% raise on its quarterly dividend, bringing the payout to $0.82 per share. Further, the company declared a special dividend of $1.50 per share, payable on December 30th, 2022, to shareholders of record as of December 15th, 2022.
Image Source: Zacks Investment Research
EOG Resources’ free cash flow came in at $3.6 billion in Q3, reflecting a 180% Y/Y uptick and an impressive 400% sequential increase. Similar to COP, the company’s free cash flow has recovered nicely from 2020 lows, shown in the chart below.
Image Source: Zacks Investment Research
Bottom Line
Investors love dividends. After all, having financial assets that pay you is undoubtedly a sweet feeling.
In a historically-volatile 2022, dividends have quickly become a hot topic, and for understandable reasons – they cushion drawdowns in other positions and provide a reliable income stream.
All three stocks above – ConocoPhillips (COP - Free Report) , Atmos Energy Corp. (ATO - Free Report) , and EOG Resources, Inc. (EOG - Free Report) – have all recently hiked their dividend payouts, providing investors with much-needed confidence surrounding their profitability and growth.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
These 3 Stocks Have Recently Hiked Their Dividend
A common approach by investors is to target dividend-paying stocks.
After all, it’s easy to see why; dividends provide a passive income stream, cushion impacts from drawdowns in other positions, and provide the ability to achieve maximum returns through dividend reinvestment.
And in a historically-volatile 2022, it goes without saying that dividends have been a precious item for investors.
Just recently, several large-cap stocks have upped their dividend payouts, undoubtedly boosting shareholders’ confidence in a big way.
Three large-cap stocks – ConocoPhillips (COP - Free Report) , Atmos Energy Corp. (ATO - Free Report) , and EOG Resources, Inc. (EOG - Free Report) – have all recently hiked their dividend payouts.
Below is a chart illustrating the year-to-date performance of all three stocks, with the S&P 500 blended in as a benchmark.
Image Source: Zacks Investment Research
As we can see, all three stocks have witnessed positive momentum in 2022, outperforming the S&P 500 by wide margins.
Let’s take a closer look at each one.
ConocoPhillips
ConocoPhillips is one of the world’s largest independent E&P companies based on production and proved reserves.
In its Q3 report, the company upped its quarterly dividend by 11% to $0.51 per share and announced a variable return of cash of $0.70 per share, payable on Jan. 13th, 2023, to stockholders of record at the close of business on Dec. 27th, 2022.
Image Source: Zacks Investment Research
Further, COP reported quarterly free cash flow of $6.6 billion in Q3, representing a 61% Y/Y increase. As we can see in the chart below, the company’s free cash flow has recovered nicely from 2020 lows.
Image Source: Zacks Investment Research
Atmos Energy Corp.
Atmos Energy Corporation is the nation’s largest fully regulated, natural gas-only distributor of safe, clean, efficient, and affordable energy.
In its latest earnings release, the company’s Board of Directors declared a quarterly dividend increase of roughly 9% on its common stock to $0.74 per share, payable on Dec. 12th, 2022, to shareholders on record as of Nov. 28th, 2022.
Image Source: Zacks Investment Research
EOG Resources
EOG Resources is primarily involved in exploring and producing oil and natural gas. The leading upstream energy player’s operations are spread across the United States, Trinidad, and other international segments.
In the company’s Q3 earnings release, it declared a 10% raise on its quarterly dividend, bringing the payout to $0.82 per share. Further, the company declared a special dividend of $1.50 per share, payable on December 30th, 2022, to shareholders of record as of December 15th, 2022.
Image Source: Zacks Investment Research
EOG Resources’ free cash flow came in at $3.6 billion in Q3, reflecting a 180% Y/Y uptick and an impressive 400% sequential increase. Similar to COP, the company’s free cash flow has recovered nicely from 2020 lows, shown in the chart below.
Image Source: Zacks Investment Research
Bottom Line
Investors love dividends. After all, having financial assets that pay you is undoubtedly a sweet feeling.
In a historically-volatile 2022, dividends have quickly become a hot topic, and for understandable reasons – they cushion drawdowns in other positions and provide a reliable income stream.
All three stocks above – ConocoPhillips (COP - Free Report) , Atmos Energy Corp. (ATO - Free Report) , and EOG Resources, Inc. (EOG - Free Report) – have all recently hiked their dividend payouts, providing investors with much-needed confidence surrounding their profitability and growth.