Northern Oil & Gas Inc Ranks Among Top Dividend-Paying Energy Stocks
Strong Financial Metrics Lead to Recognition
Northern Oil & Gas Inc (Symbol: NOG) has earned a spot among the Top 10 dividend-paying energy stocks, according to the latest weekly report from Dividend Channel, titled “DividendRank.” This recognition highlights NOG’s appealing valuation metrics and robust profitability. At a recent share price of $36.13, NOG boasts a price-to-book ratio of 1.6 and an annual dividend yield of 4.65%. In contrast, the average yield for energy stocks covered by Dividend Channel stands at 4.4%, with a price-to-book ratio of 2.4. Additionally, the report emphasizes Northern Oil & Gas Inc’s solid history of quarterly dividends and positive long-term growth rates in critical financial data.
The report explained, “Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most ‘interesting’ stocks, meant for investors as a source of ideas that merit further research.”
Dividends and Historical Insights
Northern Oil & Gas Inc currently pays an annualized dividend of $1.68 per share, distributed quarterly. The most recent ex-date for dividends was December 30, 2024. Understanding a company’s long-term dividend history can provide valuable insight into its future payment consistency. Below is a detailed chart of NOG’s dividend history, which Dividend Channel highlighted as an essential component in assessing the current dividend’s sustainability.
The Top 10 DividendRank’ed Energy Stocks »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
