PAA Natural Gas Storage L P (NYSE: PNG) has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ”DividendRank”
report. The report noted that among energy companies, PNG shares
displayed both attractive valuation metrics and strong profitability
metrics. For example, the recent PNG share price of $18.03 represents a
price-to-book ratio of 1.2 and an annual dividend yield of 7.94% — by
comparison, the average energy stock in Dividend Channel’s coverage
universe yields 4.8% and trades at a price-to-book ratio of 2.3. The
report also cited the strong quarterly dividend history at PAA Natural
Gas Storage L P, and favorable long-term multi-year growth rates in key
fundamental data points.
The report stated, ”Dividend investors approaching investing from
a value standpoint are generally most interested in researching the
strongest most profitable companies, that also happen to be trading at
an attractive valuation. That’s what we aim to find using our
proprietary DividendRank formula, which ranks the coverage universe
based upon our various criteria for both profitability and valuation, to
generate a list of the top most ‘interesting’ stocks, meant for
investors as a source of ideas that merit further research.”
The annualized dividend paid by PAA Natural Gas Storage L P is
$1.43/share, currently paid in quarterly installments, and its most
recent dividend ex-date was on 08/01/2012. Below is a long-term dividend
history chart for PNG, which Dividend Channel stressed as being of key
importance. Indeed, studying a company’s past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
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