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TSX energy stocks have undoubtedly overshadowed broader markets by a large margin this year. While the prior group has soared 60% so far, the TSX Composite Index has dropped by 8%. Oil and gas have been on a multi-year bull run since the pandemic. So, the expanding earnings and undervalued stocks witnessed immense investor interest in the same period. More dividends for Tourmaline shareholders One TSX energy stock that distinctively stands out is Tourmaline Oil (TSX:TOU) . Canada’s largest natural gas producer has seen substantial financial growth in the last few quarters. But that’s not it. It has been raining dividends at Tourmaline Oil since last year. It has increased regular quarterly dividends four times since the beginning of 2021. Apart from that, Tourmaline has issued special dividends thrice since last year. So, in the last 12 months, it has paid a dividend of $4.3 per share, implying a yield of over 6%! Many Canadian energy producers have seen steep cash flow growth during this period. However, none of them have been as generous as Tourmaline. Apart from the incremental return, such dividends indicate the company’s earnings visibility and strong balance sheet. Interestingly, driven by consistent dividend hikes, the […]
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