Northern Oil & Gas Inc (Symbol: NOG) has secured its position among the Top 10 dividend-paying energy stocks, garnering attention from Dividend Channel’s latest weekly report.

Valuation Metrics and Profitability

Dividend Channel’s assessment highlighted the appealing valuation metrics and strong profitability displayed by NOG shares.

For instance, NOG’s current share price of $35.56 boasts a price-to-book ratio of 1.8 and an annual dividend yield of 4.50%.

Comparatively, the average energy stock in Dividend Channel’s coverage universe offers a yield of 4.4% and trades at a price-to-book ratio of 2.7.

Strong Quarterly Dividend History

Moreover, the report commended the robust quarterly dividend history of Northern Oil & Gas Inc, coupled with favorable long-term multi-year growth rates in essential fundamental data points.

”Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest, most profitable companies that also trade at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula…”

The annualized dividend paid by Northern Oil & Gas Inc stands at $1.6/share, distributed in quarterly installments. The most recent dividend ex-date was on 03/27/2024.

Examining NOG’s long-term dividend history, as emphasized by Dividend Channel, proves crucial in assessing the likelihood of the recent dividend’s continuity.

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