5 Extreme Dividend Stocks With Upside Potential

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In this article, we discuss 5 extreme dividend stocks with upside potential. If you want to read our detailed analysis of dividend stocks and their historical performance, go directly to read 11 Extreme Dividend Stocks With Upside Potential

5. Pioneer Natural Resources Company (NYSE:PXD)

Upside Potential as of March 21: 34.7%
Dividend Yield as of March 21: 14.17%

Pioneer Natural Resources Company (NYSE:PXD) is a Texas-based company that is engaged in hydrocarbon exploration. The company currently pays a quarterly dividend of $5.58 per share and has a dividend yield of $14.17%, as of March 21. It is one of the best dividend stocks on our list as it has raised its payouts for four years in a row.

After the company announced its Q4 earnings, Barclays maintained an Overweight rating on Pioneer Natural Resources Company (NYSE:PXD) in March, with a $275 price target.

In the fourth quarter of 2022, Pioneer Natural Resources Company (NYSE:PXD) generated over $5 billion in revenue, up 18% from the same period last year. The company’s free cash flow for FY22 came in at $8.4 billion and returned $8 billion to shareholders in dividends.

The number of hedge funds tracked by Insider Monkey owning stakes in Pioneer Natural Resources Company (NYSE:PXD) grew to 55 in Q4 2022, from 49 a quarter earlier. These stakes have a collective value of roughly $842 million.

Follow Pioneer Natural Resources Co (NYSE:PXD)


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