This High-Yield Dividend Stock Has Big Plans for Rewarding Its Shareholders
When you think about large integrated oil majors, companies like ExxonMobil, Chevron, Shell, TotalEnergies, and BP probably come to mind first. But Norwegian energy giant (NYSE: EQNR) is also up there.
Unlike its peers, which have a more distributed ownership base, 75% of Equinor is owned by the Norwegian state and Norwegian private owners. Only 12% of its shareholders resided in the U.S. as of the end of 2022.
Here's why Equinor is a high-yield dividend stock for passive income investors to consider and why it's worth including in a diversified portfolio of fossil fuel and renewable energy investments.
Source Fool.com
Equinor ASA ADR Stock
€24.90
-0.400%
The community is currently still undecided about Equinor ASA ADR with 1 Buy predictions and 0 Sell predictions.
As a result the target price of 38 € shows a very positive potential of 52.61% compared to the current price of 24.9 € for Equinor ASA ADR.
