Crescent Point Energy Corp (TSX: CPG.TO) has been named as a Top 25 dividend stock, according the most recent Canada Stock Channel ''DividendRank'' report. The report noted that among the coverage universe, CPG shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent CPG share price of $38.51 represents a price-to-book ratio of 1.7 and an annual dividend yield of 7.17% — by comparison, the average company in Canada Stock Channel's coverage universe yields 5.3% and trades at a price-to-book ratio of 2.0. The report also cited the strong monthly dividend history at Crescent Point Energy Corp, and favorable long-term multi-year growth rates in key fundamental data points.
Why Crescent Point Energy Is a Top 25 Dividend Stock (CPG)
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