Month: September 2015

Dividend Cut: Pengrowth Energy Corp. (TSE: PGF)

Dividend Raises

On September 1st, Pengrowth Energy Corp announced they would cut their dividend by 50% from $0.2 per share to $0.1 per share.

I’d like nothing more than to dump my shares of PGF, as it’s been my worse investment, by far. I’ve lost roughly 55% of my investment in PGF and don’t even feel comfortable selling now, in hopes that the stock price could appreciate in the future and I could recoup some losses.

It was one of my smallest investments as I felt it was a risky business to enter in the first place, and it was one of the first four stocks I had purchased at the beginning of my investment career. I’ve learned a lot since then, and have gravitated towards safer, blue chip companies with proven track records.

This, combined with Goldcorps’ 60% dividend reduction have put a damper on my monthly dividend income.

There are a lot of energy companies which have been selling for less and less, delivering attractive valuations, especially with the recent market volatility. If I were to continue investing in energy, I’d definitely pick a more reputable stock with a greater track record. Following are some names which I have an interest in, but must do more investigating.



Finance Blogs


My publishings on references an opinion and is for information or entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I am not responsible for any decisions you make concerning finances, taxes, or investments. You must perform your own research and always take caution when extending capital.