Cardinal Energy stock dividend – Cardinal Energy Ltd Announces 0.06 Cash Dividend
March 19, 2023
Dividends Yield
On March 17 2023, Cardinal Energy ($TSX:CJ) Ltd announced a 0.06 cash dividend for its shareholders. This marks the fourth consecutive year of issuing a dividend per share of 0.38 CAD, resulting in an average dividend yield of 4.99%. The ex-dividend date is set for March 30 2023. If you are considering investing in dividend stocks, Cardinal Energy Ltd should be on your radar. The company’s consistent history of issuing dividends indicates a commitment to rewarding shareholders.
Moreover, its steady track record also gives potential investors an idea of what to expect from their potential investment in this company. Cardinal Energy Ltd is a great option for those looking to add dividend stocks to their portfolio. With an impressive average dividend yield of 4.99% and a consistent history of issuing dividends, investing in Cardinal Energy Ltd could be a smart move for those looking for exposure to the energy sector.
Share Price
On Friday, CARDINAL ENERGY stock opened at CA$6.8 and closed at CA$6.6, down by 3.8% from previous closing price of 6.9. This 0.06 cash dividend is expected to provide a return to investors as the company continues to grow and develop its business operations. The dividend will be paid in Canadian dollars and will be subject to all applicable taxes.
We are pleased to provide our shareholders with a return on their investment and look forward to continuing to build value for our shareholders. We thank them for their patience and continued support. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cardinal Energy. More…
| Total Revenues | Net Income | Net Margin |
| 741.84 | 302.69 | 36.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cardinal Energy. More…
| Operations | Investing | Financing |
| 337.26 | -116.18 | -221.08 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cardinal Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.16k | 229.64 | 5.94 |
Key Ratios Snapshot
Some of the financial key ratios for Cardinal Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.7% | 72.4% | 40.3% |
| FCF Margin | ROE | ROA |
| 29.2% | 21.2% | 16.2% |
Analysis – Cardinal Energy Intrinsic Value Calculator
GoodWhale has analyzed the fundamentals of CARDINAL ENERGY, and our proprietary Valuation Line indicates the fair value of the stock to be around CA$5.6. Currently, however, the stock is trading at CA$6.6, which is a fair price that is overvalued by 18.3%. While it’s possible that the market is factoring in future potential returns, it’s important to remember that investments come with inherent risks, and investors should do their own research on the company before making a decision. More…
Peers
The company has operations in Alberta, Saskatchewan, and Manitoba. Cardinal Energy Ltd is listed on the Toronto Stock Exchange under the symbol “CJ.” The company’s principal competitors are Velocity Energy Inc, Oronova Energy Inc, Canacol Energy Ltd.
– Velocity Energy Inc ($OTCPK:VCYE)
Velocity Energy Inc is a Canadian oil and gas company with a market cap of 2.29M as of 2022. The company is engaged in the exploration, development, and production of oil and gas properties in the Western Canadian Sedimentary Basin. Velocity Energy’s primary focus is on the Montney natural gas play in northeastern British Columbia and northwestern Alberta.
– Oronova Energy Inc ($TSXV:ONV.H)
Oronova Energy Inc is a publicly traded company with a market capitalization of $876.06 thousand as of 2022. The company has a return on equity of 33.35%. Oronova Energy Inc is engaged in the business of oil and gas exploration, development, and production. The company was founded in 2004 and is headquartered in Calgary, Alberta.
– Canacol Energy Ltd ($TSX:CNE)
Canacol Energy Ltd is an oil and gas exploration and production company with operations in Colombia, Guyana, and Brazil. The company has a market capitalization of $365.64 million and a return on equity of 39.95%. Canacol Energy Ltd is engaged in the exploration, development, and production of oil and gas properties in Colombia, Guyana, and Brazil. The company was founded in 1984 and is headquartered in Calgary, Canada.
Summary
CARDINAL ENERGY is an attractive option for dividend stock investors. It has consistently issued a dividend per share of 0.38 CAD over the past 3 years, resulting in an average dividend yield of 4.99%. This figure is significantly higher than the market average, making it an attractive option for those seeking a steady income from their investments. Furthermore, CARDINAL ENERGY has a solid track record of stability, so investors can feel secure in their investments.
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