Dividend-paying stocks that have been growing through acquisitions
Ovintiv Inc. (OVV-T) acquired NuVista Energy for US$2.7B, expanding its Western Canada operations. The company is among seven dividend-paying stocks identified by The Successful Investor for growth through acquisitions, using a sustainability rating system.
How this was made

The 30-second read
Why it matters
Provides a thematic view rather than new company‑specific data; limited actionable insight.
Market read
The piece underscores a niche investment theme but adds little new data for traders.
What to watch
Potential regulatory scrutiny and commodity price volatility could affect earnings.
Background
The article presents a curated list of dividend‑paying companies that have grown through recent acquisitions.
Ticker impact
Ovintiv completed its $2.7 bn acquisition of NuVista Energy in February 2026, expanding its oil assets.
Small upside if integration proceeds smoothly.
Acquisition size is material but already known; market may price in incremental benefits.
Eaton Corp. finalized a $1.55 bn purchase of Ultra PCS Limited in January 2026.
Limited near‑term impact; long‑term earnings could improve.
Deal is sizable but already disclosed; no fresh catalyst.
Baker Hughes acquired Chart Industries for $13.6 bn in July 2026, adding LNG equipment capabilities.
Potential modest upside if LNG demand stays strong.
Large deal but already public; market may react slowly.
Ecolab announced a $4.75 bn acquisition of CoolIT Systems in March 2026.
Potential upside if integration drives margin expansion.
Deal is material but not a fresh disclosure.
Flowserve purchased Trillium Flow Technologies' Valves Division for $490 m in June 2026.
Limited near‑term impact; strategic fit noted.
Deal size modest; already reported.
Market effects
Highlights continued M&A activity in energy, industrial and consumer convenience sectors.
Primarily U.S. and Canadian listed companies; limited broader market effect.
Shows trend of dividend‑focused firms using acquisitions to sustain payouts.
Counterpoint
Acquisition‑driven dividend growth may mask integration risk and overleveraging.
Key entities
- CompanyOvintiv
Oil and gas producer expanding via NuVista acquisition.
- CompanyEaton Corp.
Power management firm acquiring Ultra PCS.
- CompanyBaker Hughes
Energy technology firm buying Chart Industries.
- CompanyTMX Group
Exchange operator acquiring RAFI Indices.
- CompanyEcolab
Water and hygiene solutions provider buying CoolIT.


