2 High-Octane Dividend Stocks That Investors Won't Want to Overlook
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.
Source Fool.com
