Westar Energy Inc (NYSE: WR) has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly �DividendRank� report. The report noted that among utilities, WR shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent WR share price of $25.99 represents a price-to-book ratio of 1.2 and an annual dividend yield of 4.92% � by comparison, the average utility stock in Dividend Channel�s coverage universe yields 4.3% and trades at a price-to-book ratio of 1.9. The report also cited the strong quarterly dividend history at Westar Energy Inc, and favorable long-term multi-year growth rates in key fundamental data points.
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The report stated, �Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That�s what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most �interesting� stocks, meant for investors as a source of ideas that merit further research.�
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The annualized dividend paid by Westar Energy Inc is $1.28/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/07/2011. Below is a long-term dividend history chart for WR, which Dividend Channel stressed as being of key importance. Indeed, studying a company�s past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
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