This Dividend Stock Has Doubled Since 2018. Here's Why It's Still a Buy.

EQT Corp. (NYSE: EQT) has quietly delivered market-smashing total returns over the last five years. The natural gas giant has doubled in value since 2018, easily outpacing the roughly 66% return for the S 500 (14.6% annualized versus 10.6% annualized). Add in its dividend, and its total return is even higher.

The natural gas stock should have plenty of fuel to continue rising over the next several years. However, most investors are completely unaware of the company's value-creating potential because natural gas just isn't a hot commodity like oil or renewable energy. Here's why you'll want to take a closer look at EQT, especially if you want a fast-rising dividend.

EQT became the country's largest natural gas producer in 2017 when it acquired Rice Energy. The $6.7 billion deal combined two leading players in the gas-rich Marcellus and Utica shales of the Appalachian Basin. The company expected the transformational merger to create significant shareholder value by turning it into a free cash flow machine.

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Source Fool.com