I Locked In Some Profits From My Oil Stocks, But I Kept Eni
Summary
- In this article, I want to cover the only oil stock I kept in my portfolio while I locked in some gains from my other holdings.
- Eni is implementing a new dividend policy with a variable quarterly dividend instead of a semi-annual one.
- The current scenario sees Eni returning approximately 12% of its market cap to shareholders between dividends and buybacks.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of E either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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