This Canadian Dividend Champion Should Be In Everyone's Income Portfolio

Pengrowth Energy Corporation (PGH) is a hidden dividend champion with a relatively low public profile, which I think is quite undeserved. Most energy companies in the United States yield somewhere between 2%-6% with some exceptions to the upside such as Linn Energy (LINE) with a distribution yield of 10% or Kinder Morgan Energy Partners (KMP) with a yield of about 7%. Both companies are cornerstone investments held in many investors' income portfolios. Pengrowth Energy, on the other hand, is a growing Canadian oil and natural gas producer mostly off the radar: Pengrowth Energy currently pays investors a monthly dividend of CDN-$0.04 translating into an annual dividend yield of approximately 7% (in US-$ terms and depending on the prevailing CDN-$/US-$ exchange rate at payment date). Pengrowth Energy reported first quarter results on May 12, 2014. The energy company reported: First quarter average daily production of 75,102 boe/d, down 3% sequentially and... Read more

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