This Oil Company Could Become a Monster Dividend Stock
Oil stocks have a shoddy track record for paying dividends. For the most part, their shareholder payouts are the first things they cut when crude oil prices take a tumble. Dividend investors have been increasingly looking elsewhere for income.
Leading Pioneer Natural Resources (NYSE: PXD) is shaking things up a bit by formalizing a new dividend framework. It could become a big-time dividend stock if oil prices continue recovering.
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Source Fool.com
