Gas Natural Inc. (EGAS) has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among utilities, EGAS shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent EGAS share price of $10.32 represents a price-to-book ratio of 1.1 and an annual dividend yield of 5.24% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 3.9% and trades at a price-to-book ratio of 2.0. The report also cited the strong monthly dividend history at Gas Natural Inc., and favorable long-term multi-year growth rates in key fundamental data points.
EGAS Added as Top 10 Utility Dividend Stock With 5.24% Yield
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