Gear Energy Dividend
Dividend criteria checks 3/6
Gear Energy is a dividend paying company with a current yield of 10%.
Key information
10.0%
Dividend yield
131%
Payout ratio
| Industry average yield | 4.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CA$0.060 |
| Earnings per share | CA$0.049 |
| Dividend yield forecast | 10.0% |
Recent dividend updates
Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005
Sep 13
Gear Energy (TSE:GXE) Has Affirmed Its Dividend Of CA$0.005
Aug 13Gear Energy (TSE:GXE) Has Affirmed Its Dividend Of CA$0.005
Jul 11Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005
May 10Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005
Apr 05Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005
Mar 08Recent updates
Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005
Sep 13Gear Energy (TSE:GXE) Has Affirmed Its Dividend Of CA$0.005
Aug 13Gear Energy (TSE:GXE) Has Affirmed Its Dividend Of CA$0.005
Jul 11Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005
May 10Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005
Apr 05Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005
Mar 08Gear Energy (TSE:GXE) Will Pay A Dividend Of CA$0.005
Jan 05Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005
Dec 13Gear Energy (TSE:GXE) Is Due To Pay A Dividend Of CA$0.005
Nov 12Gear Energy (TSE:GXE) Has Announced A Dividend Of CA$0.005
Oct 07Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005
Sep 08Should You Be Adding Gear Energy (TSE:GXE) To Your Watchlist Today?
Dec 20Do Gear Energy's (TSE:GXE) Earnings Warrant Your Attention?
Jun 17Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, GXE has been paying a dividend for less than 10 years.
Growing Dividend: GXE's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| Gear Energy Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GXE) | 10.0% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 5.8% |
| Industry Average (Oil and Gas) | 4.7% |
| Analyst forecast (GXE) (up to 3 years) | 10.0% |
Notable Dividend: GXE's dividend (10%) is higher than the bottom 25% of dividend payers in the Canadian market (1.74%).
High Dividend: GXE's dividend (10%) is in the top 25% of dividend payers in the Canadian market (5.79%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (131.1%), GXE's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (76.1%), GXE's dividend payments are covered by cash flows.