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  5. CEU: Could you please tell me if Canadian Energy Services has reinstated its dividend, and if so, what is it exactly? [CES Energy Solutions Corp.]
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Q: Could you please tell me if Canadian Energy Services has reinstated its dividend, and if so, what is it exactly? TD shows it as $0.02/month. Doesn't sound right.
What are your thoughts on the company short term and long term?

Thank you,

Asked by Carlo on August 18, 2021
5i Research Answer:

Yes; on Aug 12 the dividend was re-instated at $0.016 per share. The stock is cheap and the sector is recovering. Strong earnings growth is expected next year. Cash flow has remained positive. It still has a very high debt level, and this holds back our enthusiasm here. We would rather see debt paid down than a dividend.