its gonna move with the industry based on the price of oil.. its a volatile industry and getting a 3% dividend and losing 20 or 30% on the equity makes no sense. the true dividend stocks are ones that flat line for years and pay out a healthy dividend to shareholders.. but those are 'boring' and usually ignored by people.. you make nothing on the equity but you get a dividend check in the mail and the company raises the dividend every couple quarters and their earnings stay consistent through it all. small thrift banks are a perfect example of this, they don't engage in risky investments or loans... and they give shareholders ample quarterly cash dividends and special stock dividends
you can start out with a 1000 share investment and if you re-invest the quarterly and special stock dividends after a decade you can end up with 3000 shares for example. can't beat it. look for ones that have consistent earnings every quarter and a strong balance sheet and that are between 200-500M market cap