Dividend Capture Strategy: 15 High Yield Stocks to Buy in October

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4. SM Energy Company (NYSE:SM)

Ex-Dividend Date: October 17

SM Energy Company (NYSE:SM) is an oil and gas exploration and production company concentrated on US oil and natural gas. Its base of operations is in Midland Basin and South Texas, with a purchase in Utah’s Uinta Basin following a massive acquisition. The company’s growth is predicated on high quality, production growth, and cash flow accretive assets.

Recently, SM Energy Company (NYSE:SM) has been focused on developing and enhancing Uinta Basin assets, increasing production efficiency, and strengthening its balance sheet. The company is being driven by operational excellence in every respect, a couple of very good quality portfolios of assets, excellent financial discipline, and risk controls that include hedging and cost control.

On September 25, SM Energy Company (NYSE:SM) announced a quarterly dividend of $0.20 per share, maintaining the same dividend. It has never failed to pay a dividend for the past three decades. The stock has a dividend yield of 2.90%, as of September 27.

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