Africa Oil Dividend
Dividend criteria checks 2/6
Africa Oil is a dividend paying company with a current yield of 2.94% that is well covered by earnings.
Key information
2.9%
Dividend yield
27%
Payout ratio
| Industry average yield | 4.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CA$0.19 |
| Dividend yield forecast in 3Y | 3.1% |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, AOI has been paying a dividend for less than 10 years.
Growing Dividend: AOI has only been paying a dividend for 2 years, and since then payments have not increased.
Dividend Yield vs Market
| Africa Oil Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (AOI) | 2.9% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.6% |
| Industry Average (Oil and Gas) | 4.8% |
| Analyst forecast in 3 Years (AOI) | 3.1% |
Notable Dividend: AOI's dividend (2.94%) is higher than the bottom 25% of dividend payers in the Canadian market (1.92%).
High Dividend: AOI's dividend (2.94%) is low compared to the top 25% of dividend payers in the Canadian market (6.49%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (26.5%), AOI's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: AOI is paying a dividend but the company has no free cash flows.