Despite Some Variation, This Dividend Stock Continues to Offer a Monster Yield
Pioneer Natural Resources (NYSE: PXD) pays one of the highest-yielding dividends in the oil patch. While its most recently declared payment is down from last quarter due to lower oil prices, it still clocks in at an attractive 9% yield at the current share price.
The oil stock has the potential to continue paying a monster dividend yield. It's an enticing option for passive income seekers as long as they're fine with some variation from quarter to quarter.
Pioneer Natural Resource recently declared its fourth-quarter dividend payment using its fixed-plus-variable framework. The base payment remained the same as the third quarter at $1.10 per share, while the variable component came in at $4.61 per share. That brought the total dividend outlay to $5.71 per share, giving it a roughly 9% annualized yield at the current stock price.
Source Fool.com
