Canacol Energy dividend yield calculator – Canacol Energy Announces 2023 Dividend.
March 23, 2023
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The Board of Directors has stated that the dividend is an indication of Canacol Energy ($TSX:CNE)’s confidence in the future potential of the company and its commitment to rewarding shareholders for their continued loyalty and support. The announcement of the dividend is also an important signal to investors; it indicates that Canacol Energy is a financially stable and secure investment. With this dividend, Canacol Energy has demonstrated its commitment to providing returns to investors while still investing in future growth and development. With a strong financial performance and a commitment to rewarding investors, Canacol Energy is well-positioned for long-term success.
Dividends – Canacol Energy dividend yield calculator
Canacol Energy has recently announced that it will be issuing a dividend of 0.8 USD per share in 2023. This marks the third consecutive year that CANACOL ENERGY has issued its shareholders with a dividend. This results in an average dividend yield of 6.48%.
I investors who are looking for stocks that offer attractive dividend yields, CANACOL ENERGY is certainly worth considering. The company has a consistent track record when it comes to delivering dividends, and with its current rate, it offers shareholders with generous returns on their investment.
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% |
Stock Price
On Thursday, CANACOL ENERGY announced its 2023 dividend, to the delight of investors. Currently, the company is receiving mostly positive media coverage. Evidence of this enthusiasm can be seen in their stock price, which opened at CA$10.3 and closed at CA$10.4, up by 2.2% from its last closing price of 10.2. This is a sign of continued confidence in the company, and investors are expecting the dividend to further boost its value. Live Quote…
Analysis – Canacol Energy Stock Intrinsic Value
GoodWhale recently conducted an analysis on CANACOL ENERGY‘s wellbeing. After thorough research, our proprietary Valuation Line has determined that the intrinsic value of CANACOL ENERGY share is around CA$19.5. However, CANACOL ENERGY stock is currently traded at CA$10.4, which means it is currently undervalued by 46.6%. Therefore, this presents a great opportunity for investors to purchase CANACOL ENERGY stocks at a discounted rate. More…
Peers
The company was founded in 2002 and is headquartered in Calgary, Alberta, Canada. Canacol Energy Ltd’s primary competitors are Sterling Energy Resources Inc, Velocity Energy Inc, and Bakken Energy Corp.
– Sterling Energy Resources Inc ($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 Canadian-based oil and gas exploration and production company with operations in Colombia and Ecuador. Investors considering the company’s stock should be aware of its recently announced 2023 dividend. According to reports, the dividend is expected to be a steady 10 cents per share each quarter.
The company has seen positive media coverage in recent months, suggesting that investors may be looking favorably upon its potential success. For investors looking to make long-term investments in the energy sector, CANACOL Energy may present an appealing opportunity due to its stable dividend and potential for growth.
