The Globe and Mail reports in its Friday, June 13, edition that standing out for its exceptional dividend growth is Peyto Exploration & Development, a Calgary-based natural gas producer. The Globe's guest columnist Gary Christie writes in the Number Cruncher column that Peyto boasts the highest five-year dividend growth rate of all the stocks he screens for at an impressive 68.86 per cent. Peyto Exploration offers a robust dividend yield of 6.65 per cent. Mr. Christie believes the stock has a sustainable dividend. Year-to-date, Peyto Exploration shares have advanced 16.4 per cent. As well, the shares are up 29.6 per cent over the past year. The Globe reported on Oct. 23, Nov. 15 and May 16 that Desjardins Securities analyst Chris MacCulloch had reaffirmed his "hold" recommendation for Peyto Exploration. The shares could then be had for $15.29, $15.51 and $18.97. The Globe reported on April 9 and May 15 that Raymond James analyst Luke Davis rated Peyto Exploration "outperform" and "sector perform." The shares could then be had for $15.30 and $19.25.
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