Dividends4Life: Canadian Oil Sands Dividend Stocks

Canadian Oil Sands Dividend Stocks

Posted by D4L | Thursday, August 07, 2014 | | 0 comments »

Got it… the energy sector, specifically the North American petroleum industry. It enjoys strong protection and support by both the U.S. and Canadian governments who understand the importance of a self-sufficient energy industry that is not susceptible to foreign turmoil. The sector also enjoys an abundant supply of reserves that are among the largest in the world. And of course, the industry is highly profitable, with many of its companies sharing the wealth with their investors through some of the most generous dividend payouts to be found. For today’s picks, let’s focus on one of the fastest growing oil regions of them all – the Canadian oil sands.

While Canada is generally known as a land of ice and snow, few realize that is also a major hub of the global oil market. According to David Carey, Sr. Vice President of Capital Markets at ARC Energy Trust, “greater than 50% of the world’s public oil and gas companies are listed on Canadian exchanges”, with energy companies making up more than 25% of the country’s largest stock burse – the Toronto Stock Exchange (TSX). If you’re going just by dividend yield alone, you might try such high yielders as:

• Twin Butte Energy Ltd (TSX: TBE), yielding 11.03%
• Freehold Royalties Ltd (TSX: FRU), yielding 6.29%
• Crescent Point Energy Corp (TSX: CPG), yielding 6.12%
• Baytex Energy Corp (TSX:BTE), yielding 5.98%
• Canadian Oil Sands Ltd. (TSX: COS), yielding 5.85%

Source: Wealth Daily

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