Canacol Energy dividend – CANACOL ENERGY Ltd. Announces 0.26 Cash Dividend
March 28, 2023
Dividends Yield
On March 17 2023, CANACOL ENERGY ($TSX:CNE) Ltd. announced it will pay a cash dividend of 0.26 USD per share on the ex-dividend date of March 30 2023. This move makes CANACOL ENERGY an attractive dividend stock to consider. Over the past three years, CANACOL ENERGY has consistently paid out an annual dividend per share of 0.8, 0.82 and 0.77 USD, with respective dividend yields of 7.41%, 6.22%, and 5.81%.
This means shareholders have enjoyed an average dividend yield of 6.48%. With the upcoming cash dividend of 0.26 USD, investors can expect to earn a decent yield on their investments.
Market Price
On Friday, its stock opened at CA$10.2 and closed at the same rate, declining by 2.4% from its previous closing price of CA$10.4. Investors reacted to this news as the stock price dropped significantly on the news of dividend payment. Despite the short-term downturn in the stock price, many investors have faith in the long-term prospects of CANACOL ENERGY Ltd. and view the dividend payment as a sign of optimism in the company’s future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Canacol Energy. More…
| Total Revenues | Net Income | Net Margin |
| 340.51 | 20.57 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Canacol Energy. More…
| Operations | Investing | Financing |
| 164.28 | -140.69 | 30.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Canacol Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 876.44 | 711.38 | 4.83 |
Key Ratios Snapshot
Some of the financial key ratios for Canacol Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.9% | 11.3% | 33.6% |
| FCF Margin | ROE | ROA |
| 24.7% | 41.9% | 8.2% |
Analysis
At GoodWhale, we have conducted a detailed analysis of CANACOL ENERGY‘s wellbeing. Our Risk Rating scores place CANACOL ENERGY as a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in the income statement and balance sheet of CANACOL ENERGY. If you are interested to find out more, please register on goodwhale.com and gain access to our analysis. We strive to provide investors like you with transparent and detailed data so that you can make informed decisions. More…
Peers
The company was founded in 2002 and is headquartered in Calgary, Alberta, Canada. Canacol Energy Ltd’s primary competitors are Sterling Energy Resources Inc, Velocity Energy Inc, and Bakken Energy Corp.
– Sterling Energy Resources Inc ($OTCPK:SGER)
Velocity Energy Inc. is a Canadian oil and gas company with a market capitalization of $2.29M as of 2022. The company is engaged in the exploration, development and production of oil and natural gas properties in Canada. Velocity Energy’s primary focus is on the development of its Montney natural gas assets in British Columbia. The company’s Montney assets are located in the Peace River Arch region, where it holds approximately 100,000 net acres of land. Velocity Energy is headquartered in Calgary, Alberta.
– Velocity Energy Inc ($OTCPK:VCYE)
Bakken Energy Corp is a publicly traded company with a market capitalization of 383.21k as of 2022. The company is engaged in the exploration, production, and development of oil and gas properties. Bakken Energy Corp has a return on equity of 1.81%.
Summary
CANACOL ENERGY is a dividend stock that offers investors a promising dividend yield. Over the last three years, CANACOL ENERGY has paid out an annual dividend per share of between 0.77 and 0.82 USD, with an average yield of 6.48%. This provides investors with a stable income stream that is attractive for long-term investments.
Additionally, a high dividend yield indicates the company is highly profitable which could make it an attractive option for those looking for capital gains. When investing in CANACOL ENERGY, investors should be aware of potential risks and evaluate their investment options carefully to ensure it meets their individual needs.
