Peyto Exploration & Development Dividend
Dividend criteria checks 5/6
Peyto Exploration & Development is a dividend paying company with a current yield of 9.2% that is well covered by earnings. Last payment was on 15th November, 2023 with an ex-dividend date of 30th October, 2023.
Key information
9.2%
Dividend yield
48%
Payout ratio
Industry average yield | 5.0% |
Next dividend pay date | 15 Nov 23 |
Ex dividend date | 30 Oct 23 |
Dividend per share | n/a |
Earnings per share | CA$1.96 |
Dividend yield forecast in 3Y | 9.2% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PEY.R's dividend payments have been volatile in the past 10 years.
Growing Dividend: PEY.R's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Peyto Exploration & Development Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (PEY.R) | 9.2% |
Market Bottom 25% (CA) | 1.8% |
Market Top 25% (CA) | 6.6% |
Industry Average (Oil and Gas) | 5.0% |
Analyst forecast in 3 Years (PEY.R) | 9.2% |
Notable Dividend: PEY.R's dividend (9.2%) is higher than the bottom 25% of dividend payers in the Canadian market (2.06%).
High Dividend: PEY.R's dividend (9.2%) is in the top 25% of dividend payers in the Canadian market (6.66%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.2%), PEY.R's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (76.4%), PEY.R's dividend payments are covered by cash flows.