Cardinal Energy offers income investors an attractive dividend yield of over 10 percent annually, based on the current stock price of about 6.93 CAD. This corresponds to an annualized dividend yield of approximately 10.4%. In 2024, the yield was even around 11.1%, while this high payout was mostly maintained or increased in previous years.
Key Facts about the Dividend
- The dividend has been continuously paid for at least four years.
- The dividend has not been reduced in the last three years.
- Market capitalization is approximately 1.11 billion Canadian dollars (about 697 million euros).
- Price-to-earnings ratio (P/E) is about 9.5, indicating a moderate valuation level.
Growth-Oriented Project Portfolio
In addition to the high ongoing yield, Cardinal Energy impresses with a growth-oriented project portfolio, which should be interesting for investors focused on growth potential. The company’s conservative balance sheet supports the stability of payouts and creates room for future investments and expansions.
The dividend payments occur regularly with a clearly defined schedule: announcement in June, ex-dividend date at the end of June, and payment in mid-July. This makes Cardinal Energy particularly attractive for investors who value regular income.
In summary, Cardinal Energy offers:
| Feature | Description |
|---|---|
| Dividend Yield | Over 10% p.a., currently about 10.4% |
| Continuity | At least four years of continuous payment |
| Balance Sheet | Conservative with growth potential |
| Market Capitalization | Approx. 1.11 billion CAD |
| P/E | Approx. 9.5 |
This combination of high dividends and growth prospects makes Cardinal Energy an interesting option for income investors with a medium risk appetite.