CEMIG Ranks Among Top 10 Dividend-Paying Energy Stocks

Strong Performance and Attractive Valuation Metrics Highlight CIG’s Appeal

Companhia Energetica de Minas Gerais – CEMIG (Symbol: CIG) has been recognized as one of the Top 10 dividend-paying energy stocks by Dividend Channel in its latest ”DividendRank” report. The report highlighted that CIG shares exhibit appealing valuation and profitability metrics. The current share price of $1.99 translates to a price-to-book ratio of 0.2, coupled with an annual dividend yield of 6.03%. In contrast, the average energy stock monitored by Dividend Channel has a yield of 4.0% and a price-to-book ratio of 2.5. Additionally, the report praised CEMIG’s solid quarterly dividend track record and favorable long-term growth rates in essential financial indicators.

The report mentioned, ”Dividend investors who evaluate opportunities based on value are typically interested in the strongest and most profitable companies that are also trading at attractive valuations. Our proprietary DividendRank formula helps identify these stocks by assessing profitability and valuation criteria, giving investors a starting point for further research.”

CEMIG pays an annualized dividend of $0.12 per share, distributed quarterly. Its latest dividend ex-date was on September 30, 2024. Below, Dividend Channel provides a long-term dividend history chart for CIG, which is crucial for assessing the likelihood of sustaining recent dividends.

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