Reported 3 months ago
EOG Resources, a leading oil and gas producer, has announced a $5.6 billion acquisition of Encino Acquisition Partners to enhance its dividend growth. With a track record of 27 years of stable dividends, this deal will enable EOG to increase its dividend payout by 5%, complementing its already attractive yield of over 3.5%. The acquisition strengthens its resource base, positioning the company for continued financial success while maintaining a strong balance sheet.
Source: YAHOO