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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Pioneer Natural Resources Company (PXD) pays a $10.94 annual dividend ($2.56 quarterly), yielding 4.06% at $269.62/share. Next ex-dividend date 2024-03-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.06%
Annual Dividend: $10.94 per share
Payout Ratio: 67.5%
Ex-Dividend Date: 2024-03-01
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 18
Pioneer Natural Resources Company dividend investors are looking at an oil and gas explorer focused almost entirely on the Midland Basin in West Texas, producing crude oil, natural gas liquids, and natural gas. PXD currently pays a 4.06% yield, with a trailing annual dividend rate of $10.94 per share paid quarterly. The most recent ex-dividend date was March 1, 2024, with the last dividend payment of $2.56 per share. At a beta of 1.329, this is a higher-volatility energy stock, which suits income investors who can tolerate price swings in exchange for a high yield.
Pioneer Natural Resources Company pays out 67.5% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level leaves a meaningful but not wide buffer, and PXD's income is tied directly to oil and gas prices, which can swing sharply and compress earnings without warning. Pioneer Natural Resources Company dividend safety is the central question here: the history table shows at least one year-over-year decline exceeding 5%, which confirms the dividend has not been immune to commodity price pressure in the past.
Pioneer Natural Resources Company dividend history shows a CAGR of 26.0% per year from 1998 to 2022. Per-share payments grew from $0.10 to $25.44 over that window (2023 and 2024 are partial years and are excluded from the CAGR calculation, with Pioneer Natural Resources Company dividend 2026 data still incomplete). The largest annual increase in the window was 850.0% in 2019, reflecting how sharply PXD has moved its dividend in response to commodity cycles rather than through steady incremental raises.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -27.9% | $6.83 (2021) | $2.56 (2024) |
| 5-Year | +27.5% | $0.76 (2019) | $2.56 (2024) |
| 10-Year | +41.4% | $0.08 (2010) | $2.56 (2024) |
PXD fits dividend investors who want high current income from an energy producer and can accept the volatility that comes with oil and gas exposure. The yield is classified as high (above 4%), though at 4.06% it sits below the 5-year average of 4.52%, meaning the current entry point offers slightly less income than the historical norm. The consecutive dividend increase streak stands at zero, so this is not a dividend growth compounder in the traditional sense. What Pioneer Natural Resources Company offers is a large per-share payout backed by Midland Basin production, with the trade-off being a payout ratio at the elevated end and a dividend that has moved dramatically in both directions over its history.
| Payment Date | Amount per Share |
|---|---|
| 2024-03-01 | $2.5600 |
| 2023-11-29 | $3.2000 |
| 2023-09-05 | $1.8400 |
| 2023-05-31 | $3.3400 |
| 2023-03-03 | $5.5800 |
| 2022-11-29 | $5.7100 |
| 2022-09-02 | $8.5700 |
| 2022-05-27 | $7.3800 |
| 2022-02-25 | $3.7800 |
| 2021-12-30 | $0.6200 |
| Year | Total Dividends |
|---|---|
| 2024 | $2.5600 |
| 2023 | $13.9600 |
| 2022 | $25.4400 |
| 2021 | $6.8300 |
| 2020 | $2.2000 |
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