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DALLAS, March 27, 2023--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today announced that it has priced a public offering of $1.1 billion of 5.100% Senior Notes that will mature March 29, 2026 (the "Notes"), pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission.
High-yield dividend stocks have a rich history of delivering market-beating returns. In fact, the notion that high-yield dividend stocks (those with yields of 4% or greater) generally outperform other types of equities was a central theme in Charles H. Dow's 1920 iconic, posthumous publication, "Scientific Stock Speculation." Keeping with this theme, empirical studies have shown that the magnitude of a stock's dividend yield has little to do with its ability to beat the broader markets over the long run.
Pioneer Natural Resources (PXD) closed at $192.22 in the latest trading session, marking a +1.61% move from the prior day.