Why Crescent Point Energy Is a Top 25 Dividend Stock (CPG)

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.

START SLIDESHOW:
The Top 25 DividendRank'ed Canadian Stocks »

The report stated, '' Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The annualized dividend paid by Crescent Point Energy Corp is $2.7600/share, currently paid in monthly installments, and its most recent dividend ex-date was on 01/29/2014. Below is a long-term dividend history chart for CPG, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

CPG+Dividend+History+Chart

More from Stocks

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat