Paramount Resources Dividend
Dividend criteria checks 1/6
Paramount Resources is a dividend paying company with a current yield of 4.8% that is well covered by earnings. Next payment date is on 28th June, 2024 with an ex-dividend date of 17th June, 2024.
Key information
4.8%
Dividend yield
63%
Payout ratio
| Industry average yield | 5.0% |
| Next dividend pay date | 28 Jun 24 |
| Ex dividend date | 17 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | CA$2.33 |
| Dividend yield forecast in 3Y | 5.8% |
Recent dividend updates
Paramount Resources' (TSE:POU) Upcoming Dividend Will Be Larger Than Last Year's
May 07
Paramount Resources' (TSE:POU) Dividend Will Be CA$0.125
Feb 06Recent updates
Paramount Resources' (TSE:POU) Upcoming Dividend Will Be Larger Than Last Year's
May 07Are Investors Undervaluing Paramount Resources Ltd. (TSE:POU) By 44%?
Apr 24Paramount Resources Ltd. (TSE:POU) Doing What It Can To Lift Shares
Apr 03Earnings Troubles May Signal Larger Issues for Paramount Resources (TSE:POU) Shareholders
Mar 14Paramount Resources' (TSE:POU) Dividend Will Be CA$0.125
Feb 06Paramount Resources (TSE:POU) Will Pay A Dividend Of CA$0.125
Jan 09Paramount Resources (TSE:POU) Will Pay A Dividend Of CA$0.125
Dec 13We Ran A Stock Scan For Earnings Growth And Paramount Resources (TSE:POU) Passed With Ease
Sep 29Estimating The Fair Value Of Paramount Resources Ltd. (TSE:POU)
Feb 02Do Paramount Resources' (TSE:POU) Earnings Warrant Your Attention?
Jan 04Paramount Resources (TSE:POU) Has A Pretty Healthy Balance Sheet
Nov 30Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, POU has been paying a dividend for less than 10 years.
Growing Dividend: POU's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Paramount Resources Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (POU) | 4.8% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.4% |
| Industry Average (Oil and Gas) | 5.0% |
| Analyst forecast in 3 Years (POU) | 5.8% |
High Dividend: POU's dividend (4.8%) is low compared to the top 25% of dividend payers in the Canadian market (6.4%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (63.2%), POU's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (206.5%), POU's dividend payments are not well covered by cash flows.