5 Impressive Oil Stocks That Pay Dividends

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: 1. Penn West Energy (NYSE: PWE) : An E&P company operating in Western Canada, Penn West has net proved plus probable reserves of 565 million barrels of oil equivalent. The company started paying dividends in 2004, and due to accumulated earnings over the previous years, it has been paying dividends that exceeded its present-day earnings for the last five years. While this sounds fine, one must be aware that this trend will not continue forever. The trailing annual dividend yield is an impressive 5.1%. Anything above 2% is good, provided the company is not handicapping itself by paying out too much when it could have re-invested its earnings back into the business.... Read more