Why These 10 Dividend Stocks Are Declining?

4. Northern Oil and Gas, Inc. (NYSE:NOG)

Annual dividend yield: 4.90%

Ex-Dividend Date: March 28, 2025

Number of Hedge Funds: 26 (2024 Q3)

Quarterly dividend amount: $0.45 

The stock price of Northern Oil and Gas, Inc. (NYSE:NOG), a leader in the energy industry, saw a decline of 10% in the past month. The company has heavily focused on acquisitions and joint ventures in recent years, leading to expensive investments. The acquisition of XCL assets with SM energy cost Northern Oil and Gas $510 million. These investments were financed using debts, causing its leverage to shoot up. The increased leverage has strained the company’s financials as the interest expenses continue to grow.

With share buyback, Northern Oil and Gas, Inc. (NYSE:NOG) has declared a cash dividend of $0.45 per share for the first quarter of 2025, which marked a 12.5% increase year over year. The increase suggests a consistency in the shares of the company as a solid option for dividend investors despite the recent decline.

With the energy sector generating an average dividend yield of 4.24%, Northern Oil and Gas, Inc. (NYSE:NOG) surpasses it with an annual dividend yield of 4.90%. The analysts have a positive outlook for the company but, at the same time, recommend keeping an eye on the debt levels of the company.