MEG Energy Dividends and Buybacks
Dividend criteria checks 2/6
MEG Energy is a dividend paying company with a current yield of 1.56% that is well covered by earnings. Next payment date is on 15th January, 2025 with an ex-dividend date of 16th December, 2024.
Key information
1.6%
Dividend yield
7.8%
Buyback Yield
| Total Shareholder Yield | 9.3% |
| Future Dividend Yield | 1.6% |
| Dividend Growth | n/a |
| Next dividend pay date | 15 Jan 25 |
| Ex dividend date | 16 Dec 24 |
| Dividend per share | CA$0.400 |
| Payout ratio | 5% |
Recent dividend and buyback updates
Recent updates
Does MEG Energy (TSE:MEG) Deserve A Spot On Your Watchlist?
Oct 15
Is MEG Energy (TSE:MEG) Using Too Much Debt?
Oct 03MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue
Sep 19Fewer Investors Than Expected Jumping On MEG Energy Corp. (TSE:MEG)
Aug 10MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher
Jun 18Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 04The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts
May 08Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 45%?
May 05MEG Energy Corp. (TSE:MEG) Might Not Be As Mispriced As It Looks
Apr 21The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts
Mar 05MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher
Mar 02Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Feb 13MEG Energy Corp. (TSE:MEG) Doing What It Can To Lift Shares
Jan 07MEG Energy Corp. (TSE:MEG) Shares Could Be 49% Below Their Intrinsic Value Estimate
Dec 20MEG Energy (TSE:MEG) Is Doing The Right Things To Multiply Its Share Price
Dec 01We Think MEG Energy (TSE:MEG) Can Stay On Top Of Its Debt
Sep 28MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 88% Above Its Share Price
Sep 10Returns Are Gaining Momentum At MEG Energy (TSE:MEG)
Aug 23Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 18Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?
Jun 02MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue
May 13Here's Why We Think MEG Energy (TSE:MEG) Is Well Worth Watching
Apr 28MEG Energy (TSE:MEG) Seems To Use Debt Quite Sensibly
Feb 01If EPS Growth Is Important To You, MEG Energy (TSE:MEG) Presents An Opportunity
Jan 16Is MEG Energy Corp. (TSE:MEG) Trading At A 45% Discount?
Dec 04Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Oct 26Is Now The Time To Put MEG Energy (TSE:MEG) On Your Watchlist?
Sep 09Is MEG Energy Corp. (TSE:MEG) Trading At A 39% Discount?
Aug 19Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether MEG's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if MEG's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| MEG Energy Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MEG) | 1.6% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Oil and Gas) | 4.4% |
| Analyst forecast (MEG) (up to 3 years) | 1.6% |
Notable Dividend: MEG's dividend (1.56%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: MEG's dividend (1.56%) is low compared to the top 25% of dividend payers in the Canadian market (6.18%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (5.4%), MEG's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (9.7%), MEG's dividend payments are thoroughly covered by cash flows.