Dividends can mean a lot to investors, especially when we consider small- and mid-cap oil stocks. These stocks can carry greater risk than their bigger, fully-integrated brothers, but also carry greater potential for dividend growth. Plus, a steady stream of income from dividends is a good way of offsetting the volatility risk factor associated with smaller exploration and production companies.
In that regard, Canadian oil stocks look quite attractive when it comes to paying dividends. Let us have a look at five companies which look pretty impressive right now: Penn West Energy (PWE), Encana (ECA), Cenovus Energy (CVE), Enbridge (ENB) and Talisman Energy (TLM).
Source: Motley Fool
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