TransAlta Corp. (TAC) has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among energy companies, TAC shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent TAC share price of $13.63 represents a price-to-book ratio of 1.6 and an annual dividend yield of 8.51% — by comparison, the average energy stock in Dividend Channel's coverage universe yields 4.8% and trades at a price-to-book ratio of 2.7. The report also cited the strong quarterly dividend history at TransAlta Corp., and favorable long-term multi-year growth rates in key fundamental data points.
TAC Added as Top 10 Energy Dividend Stock With 8.51% Yield
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