2 Dividend Stocks Yielding Up to 15%

Canada’s energy sector has managed to gradually climb back from a difficult spot in late 2018. Still, many top energy equities have been in a rut this year. Today I want to look at two bargain equities that also offer high dividend yields.

Ensign (TSX:ESI) is an energy company that offers services in drilling and well servicing, oil sands coring, and others. Shares have plunged 39% over the past three months as of mid-afternoon trading on August 30. In the second quarter Ensign reported revenues of $377.7 million which was up 44% from the prior year. Adjusted EBITDA climbed 89% year-over-year to $100.4 million or $0.63 per share on the back of higher activity levels and improved operational efficiency.

The stock offers a quarterly dividend of $0.12 per share, which represents a monster 15% yield.

Vermilion Energy (TSX:VET)(NYSE:VET) is a Calgary-based oil and gas producer. Shares dipped after the release of its second quarter results due to a slip in production. This was caused by a refinery outage in the Paris Basin, but Vermilion did report higher production in the United States and Australia. The Paris Basin refinery returned to service in late July, which bodes well for production in the back half.

The company announced a monthly payout of $0.23 per share, which represents a tasty 14% yield. Vermilion also offers nice value with a P/E ratio of 9.9 and a price-to-book of 1.1.