The Globe and Mail reports in its Saturday, Feb. 24, edition that CES Energy Solutions is one of the best dividend-paying stocks on the Toronto Stock Exchange. The Globe's Norman Rothery writes that CES Energy Solutions is a stock beloved by risk-averse investors. The Globe has placed CES Energy Solutions in its Dividend All-Stars portfolio. It is one of The Globe's top 20 dividend picks for 2024. CES Energy Solutions makes its home in Calgary and provides consumable chemicals to the oil patch. CES Energy happens to be the second smallest member of the All-Star's portfolio this year with a market capitalization near $980-million. It trades at eight times trailing earnings, pays a dividend yield of 2.4 per cent and cut its share count by 5.8 per cent over the past four quarters. The Globe reported on Sept. 8 that Stifel analyst Cole Pereira had reaffirmed his "buy" call for CES Energy when it could be had for $3.96. The Globe reported on Nov. 22 and Jan. 26 that National Bank Financial analyst Dan Payne rated CES Energy "sector perform." It was then worth $3.56 and $4.14. The Globe reported on Feb. 2 that BMO Nesbitt Burns analyst John Gibson rated CES Energy "outperform." The shares could then be had for $3.98.
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