EOG Resources hikes dividend by 81.8% and pays special dividend

EOG Resources Inc. (EOG) will increase its quarterly dividend by another 81.8 percent to $0.75 per share in 2021. Shareholders will also receive a second special dividend this year with a $2.00 payment in December. Earlier EOG already hiked the dividend by 10 percent 41.25 cents per share in 2021 and paid a $1.00 per share special dividend.

A new annual dividend rate of $3.00 per share yields 3.2% at a stock price of $95 for EOG. The special dividend of $2.00 per share will be paid on December 30, 2021 with the ex-dividend being on December 14.

EOG Resources, Inc., organized in 1985, together with its subsidiaries explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States of America, The Republic of Trinidad and Tobago (Trinidad), The People's Republic of China (China), Canada and select other international areas. EOG's operations are all crude oil and natural gas exploration and production related.