The Globe and Mail reports in its Saturday, Feb. 21, edition that investing in Canadian dividend stocks has been a great way to build wealth. The Globe's guest columnist Normal Rothery writes that The Globe's Dividend All-Stars portfolio provides a guide to the largest 200 on the Toronto Stock Exchange. The portfolio attempts to identify companies with the best combination of income, value and stability. The Globe gives Parex Resources a five-star rating. Parex Resources is an independent oil and gas exploration and production company that operates in Colombia and is headquartered in Calgary. Parex pays a dividend yield of 7.6 per cent and trades near seven times trailing earnings and nine times forward 12-month earnings estimates. While hegemonic political risks are a concern, its stock gained 60 per cent over the past 12 months. Its price-to-earnings ratio stands at 7.11. The Globe reported on Sept. 16 that BMO had elevated Parex to "outperform" from "market perform." It was then worth $18.87. The Globe reported on Sept. 30 that RBC was keeping its "sector perform" call for Parex intact. It was then worth $18.19. The Globe reported on Oct. 10 that Scotia Capital rated Parex "sector perform." It was then worth $18.03.