Tag: energy
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Enbridge (ENB) increases dividend by 3.1%
Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today its 2024 financial guidance and an annualized common share dividend increase from $3.55 to $3.66 per share effective March 1, 2024. Enbridge
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Exxon marks 41 consecutive years of dividend increases, raises payout 4.4%
Exxon
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MPLX LP (MPLX) announces 10% increase in dividend, marking 11 straight years of increases
The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.85 per common unit for the third quarter of 2023, or $3.40 on an annualized basis. This represents a 10% increase, or $0.075 increase per common unit, over the second quarter 2023 distribution. The distribution…
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Chevron (CVX) makes $53 billion deal to buy Hess (HES)
What does all this mean? First Exxon makes a huge acquisition and now Chevron. Are the big oil companies diversifying and acquiring in anticipation of further regulation that will curtail oil and other fossil fuel production? The U.S. energy company said buying Hess would upgrade and diversify its portfolio, marking Chevron’s entrance into an Exxon-led…
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Exxon (XOM) strikes deal to buy Pioneer Natural Resources (PXD)
This transaction will merge two of my holdings and remove PXD from my High Yield Portfolio. I’ll have to find a replacement that pays almost an almost 7% dividend yield. The deal, at $253 a share, values Pioneer at an almost 7% premium to its closing value of about $55.4 billion Tuesday. It cements Exxon’s…
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Dividend Safe as Dominion Energy Wraps Up Strategic Review; Payout Ratio Above Target
Dominion Energy has been in the energy business since 1898. It’s one of the biggest utility companies in the U.S. and serves about 7 million customers in Virginia, the Carolinas, Ohio, and Utah electricity and gas. Dominion has steady and predictable income because it is regulated utility. Regulated utilities are like monopolies that are controlled…