Ridiculous Dividend Growth From Canadian Oil And Gas Stocks

Dale Roberts profile picture
Dale Roberts
12.43K Followers

Summary

  • The energy sector has been the leading sector, and perhaps the only sector working for over a year.
  • There is no greater source of free cash flow.
  • Oil and gas companies are paying down debt, buying back shares and rewarding shareholders with generous dividends with accelerating payments.
  • Many of the oil and gas companies have delivered 25%, 30% and 35% or more dividend increases in 2022.

Oil and gas industry. Oil pump oil rig energy industrial machine for petroleum in the sunset background, Increase in oil production

Evgenii Mitroshin

The oil and gas sector has delivered incredible share price appreciation. That has only been outdone by the outrageous flow of dividends and special dividends. Currently there is no greater source of free cashflow, earnings and dividend growth. By way of

sector returns

U.S. sector returns 2022 (Charles Schwab, Bloomberg)

This article was written by

Dale Roberts profile picture
12.43K Followers
Dale Roberts is the Chief Disruptor at the Cut The Crap Investing blog. Cut The Crap will introduce Canadians to the many sensible low fee investment options in Canada. Canadians currently pay some of highest investment fees in the world. Dale will help Canadians on the path to creating their own low fee portfolios or direct them to the lower fee managed portfolio solutions. Dale was a former Investment Funds Advisor and Trainer at Tangerine Investments, and is a still recovering former award-winning advertising writer and creative director. Dale has been writing on Seeking Alpha from 2013, covering asset allocation, dividend investing and retirement. As always past performance is not guaranteed to repeat. You should always conduct your own research or speak to a financial advisor. If you don't know what you're doing, don't do it. Dale's articles are not investment advice.

Disclosure: I/we have a beneficial long position in the shares of BNS, TD, RY, AAPL, BCE, TU, ENB, TRP, CVS, WBA, MSFT, MMM, CL, JNJ, QCOM, MDT, BRK.B, WMT, ABT, BLK, NKE, PEP, LOW, TLT, GMET, BATT, BTC-USD, RTX, OTIS, CNQ, FRHLF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: With thanks, have a wonderful day.

Dale

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