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Highlights
- The highest five-year dividend growth posted by the companies listed below is 14.02 per cent.
- The highest one-year stock return among the following companies was nearly 61 per cent.
- One of these companies said an increase in commodity prices led to growth in volume too.
The S&P/TSX Capped Energy Index returned close to 34 per cent on a YTD basis. The stock price of Canadian Natural Resources Limited, one of the top constituents of this index, returned nearly 39 per cent on a YTD basis. These energy firms are expected to issue quarterly dividends around the corner.
On that note, let us look at 3 energy stocks to watch out for in September.
- Canadian Natural Resources Limited (TSX: CNQ)
The oil and gas company produces natural gas and natural gas liquids in Canada. Canadian Natural Resources is scheduled to pay its next quarterly dividend of C$ 0.47 on October 5, 2021. The dividend yield is 4.47 per cent, and the five-year dividend growth is 14.02 per cent.
The oil and gas company held a market cap of C$ 50.26 billion and outstanding shares of 1.18 billion. The investors of this company enjoyed a price-to-earning (P/E) ratio of 12.3 and a return on equity (ROE) of 12.82 per cent on August 30, 2021.
The stock price of the oil and gas company closed at C$ 42.42 on August 27, 2021. On June 15, 2021, it reached its 52-week high of C$ 46.36. Over the past year, its stock price expanded by nearly 61 per cent.
Canadian Natural Resources posted net earnings of C$ 1.5 billion in the second quarter of the fiscal year 2021.
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- Pembina Pipeline Corporation (TSX: PPL)
This oil and gas company is all set to roll out its next monthly dividend of C$ 0.21 per share on September 15, 2021. The three-year dividend growth was 4.72 per cent, while its dividend yield stood at 6.45 per cent.
Furthermore, Pembina Pipeline held a price-to-book (P/B) value of 1.51 and a debt-to-equity (D/E) ratio of 0.85 on August 30.
In Q2 FY21, the adjusted EBITDA of Pembina Pipeline was C$ 778 million. The quarter witnessed a partnership with Western Indigenous Pipeline Group to work on and strengthen the Cedar LNG Project.
The oil and gas company’s management commented that with the increase in commodity prices, the volumes across divisions also increased.
The stock price of Pembina reached its 52-week high of C$ 41.67 on July 30, 2021, which closed at C$ 39.23 on August 27, 2021. The stock returned nearly 19 per cent over the past year.
Also Read: Pembina & TC Energy to develop carbon system: 2 pipeline stocks to buy
- Enbridge Inc. (TSX: ENB)
The C$ 100.76 billion market cap company expects to issue quarterly dividends of C$ 0.835 per share on September 1, 2021. Enbridge held earnings per share (EPS) of 3, return on assets (ROA) of 3.79 per cent, and ROE of 10.92 per cent.
The stock price of Enbridge traded one per cent below its 52-week high of C$ 50.41 on August 27, and it closed at C$ 49.74 on this day. The one-year stock return was nearly 17 per cent, but on a year-to-date (YTD) basis, it expanded by 22 per cent.
In Q2 FY21, Enbridge posted GAAP earnings of C$ 1.4 billion, and on a per-share basis, it was C$ 0.69. During the quarter, the company also collaborated with the Government of Ontario to set up access to natural gas in rural communities.
Bottom line:
On the backdrop of increasing commodity prices, the surge in production levels and return to normal levels can be seen as a positive move for this sector.
