Yesterday’s Buy Was Energy Company EOG

Dividend Growth and Special Dividend

Easy Income from EOG Resources, Inc. I like the dividend, the dividend payout ratio, and the dividend growth.

Yesterday I used some of the proceeds from the sale of some of my bad investments to add to my shares of EOG. As a result of buying 200 more shares, I now own 300 shares in my ROTH IRA and 300 shares in my traditional IRA.

You can see my buy price for both purchases. I used buy limit orders to purchase the shares.

As much as it seems like the Federal government is pushing the adoption of electric-powered cars, I don’t see oil and gas going away to soon. Think about the things oil is used for: lubrications, plastics, jet fuel, and millions of vehicles that use gasoline or diesel. Furthermore, EVs have certainly hit a rough patch and the jury is still out on the success of that technology. The costs are far more than the supporters of the technology want to admit.

There is much to like about EOG’s dividend growth and payout ratio.

The special dividend is icing on the dividend cake.

There is Risk

Of course, for investors with a short-term perspective, EOG is certainly not without risks. However, the dividend growth and payout ratio more than compensate me in the short-term and I believe there is still long-term value for this investment. Furthermore, EOG is a good position for trading covered call options.

EOG is down YTD. There is fear about oil and gas. Source: Seeking Alpha

Barron’s Tables

I was reminded of the EOG special dividend when I read my e-Edition of Barrons. Here are the tables I look at every week. I highlighted the positions we own.