Gear Energy Dividend
Dividend criteria checks 3/6
Gear Energy is a dividend paying company with a current yield of 10.34%. Next payment date is on 31st October, 2024 with an ex-dividend date of 15th October, 2024.
Key information
10.3%
Dividend yield
131%
Payout ratio
Industry average yield | 4.5% |
Next dividend pay date | 31 Oct 24 |
Ex dividend date | 15 Oct 24 |
Dividend per share | CA$0.060 |
Earnings per share | CA$0.049 |
Dividend yield forecast | 10.3% |
Recent dividend updates
Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005
Oct 09Gear 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 05Recent updates
Gear Energy (TSE:GXE) Is Paying Out A Dividend Of CA$0.005
Oct 09Gear 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) | 10.3% |
Market Bottom 25% (CA) | 1.7% |
Market Top 25% (CA) | 5.8% |
Industry Average (Oil and Gas) | 4.5% |
Analyst forecast (GXE) (up to 3 years) | 10.3% |
Notable Dividend: GXE's dividend (10.34%) is higher than the bottom 25% of dividend payers in the Canadian market (1.7%).
High Dividend: GXE's dividend (10.34%) is in the top 25% of dividend payers in the Canadian market (5.76%)
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.