This Oil Stock Is Delivering Eye-Popping Dividend Growth
Pioneer Natural Resources (NYSE: PXD) didn't always give its dividend much thought. Up until 2018, the oil and gas producer had paid the same paltry rate of $0.04 per share every six months since slashing it to that level during the financial crisis in 2009.
However, it has put a priority on growing its dividend over the last few years. That's part of a notable shift in the energy company's strategy to focus on generating free cash instead of increasing its production as fast as possible. This new way of operating is delivering excellent results, which was evident in the company's fourth-quarter earnings and 2020 outlook.
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Source Fool.com
