Gear Energy Dividend
Dividend criteria checks 3/6
Gear Energy is a dividend paying company with a current yield of 8.96%. Next payment date is on 28th June, 2024 with an ex-dividend date of 14th June, 2024.
Key information
9.0%
Dividend yield
229%
Payout ratio
Industry average yield | 5.0% |
Next dividend pay date | 28 Jun 24 |
Ex dividend date | 14 Jun 24 |
Dividend per share | n/a |
Earnings per share | CA$0.035 |
Dividend yield forecast in 3Y | 9.0% |
Recent dividend updates
Gear 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 05Recent updates
Gear 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) | 9.0% |
Market Bottom 25% (CA) | 1.9% |
Market Top 25% (CA) | 6.4% |
Industry Average (Oil and Gas) | 5.0% |
Analyst forecast in 3 Years (GXE) | 9.0% |
Notable Dividend: GXE's dividend (8.96%) is higher than the bottom 25% of dividend payers in the Canadian market (1.87%).
High Dividend: GXE's dividend (8.96%) is in the top 25% of dividend payers in the Canadian market (6.4%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (228.5%), GXE's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (74.6%), GXE's dividend payments are covered by cash flows.