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

3. EOG Resources, Inc. (NYSE:EOG)

Ex-Dividend Date: April 16

Dividend Yield as of March 30: 3.08%

EOG Resources, Inc. (NYSE:EOG) is a crude oil and natural gas exploration and production company, headquartered in Texas, US. On February 28, the company announced that it is expanding its shale expertise to the Persian Gulf through a partnership with Bahrain’s Bapco Energies to develop an onshore tight-gas field. Drilling is expected to begin in the second half of 2024, pending final approvals, though production is not slated to start until 2026.

In the fourth quarter of 2024, EOG Resources, Inc. (NYSE:EOG) posted an adjusted earnings per share (EPS) of $2.74, surpassing estimates by $0.17. However, revenue declined 12.14% year-over-year to $5.6 billion, falling short of expectations by $360 million. The company allocated $6.2 billion to capital expenditures in 2024, which contributed to a 3% increase in oil production and an 8% rise in total company volume.

EOG Resources, Inc. (NYSE:EOG) maintained a solid financial position, closing 2024 with $7.1 billion in cash. The company generated $5.4 billion in free cash flow over the year and returned $5.3 billion to shareholders, exceeding its commitment to distribute at least 70% of annual free cash flow. It has upheld its regular dividend without cuts or suspensions for 27 consecutive years, growing its dividend rate at twice the industry average since 2019.

EOG Resources, Inc. (NYSE:EOG) currently offers a quarterly dividend of $0.975 per share, having raised it by 7.1% in 2024. The stock’s dividend yield comes in at 3.08%, as of March 30. EOG will trade ex-dividend on April 16.