Petrus Resources Dividend
Dividend criteria checks 3/6
Petrus Resources is a dividend paying company with a current yield of 9.02% that is well covered by earnings. Next payment date is on 30th August, 2024 with an ex-dividend date of 16th August, 2024.
Key information
9.0%
Dividend yield
13%
Payout ratio
Industry average yield | 4.7% |
Next dividend pay date | 30 Aug 24 |
Ex dividend date | 16 Aug 24 |
Dividend per share | CA$0.120 |
Earnings per share | CA$0.21 |
Dividend yield forecast in 3Y | 9.0% |
Recent dividend updates
Recent updates
We Think That There Are More Issues For Petrus Resources (TSE:PRQ) Than Just Sluggish Earnings
Apr 04Petrus Resources (TSE:PRQ) Takes On Some Risk With Its Use Of Debt
Dec 09Investors Don't See Light At End Of Petrus Resources Ltd.'s (TSE:PRQ) Tunnel
Jun 13Petrus Resources (TSE:PRQ) Has A Pretty Healthy Balance Sheet
Apr 27We Believe Petrus Resources' (TSE:PRQ) Earnings Are A Poor Guide For Its Profitability
Mar 10Does Petrus Resources (TSE:PRQ) Have A Healthy Balance Sheet?
Feb 20Is Petrus Resources (TSE:PRQ) Using Debt In A Risky Way?
Jul 20Is Petrus Resources (TSE:PRQ) A Risky Investment?
Mar 09Key Things To Understand About Petrus Resources' (TSE:PRQ) CEO Pay Cheque
Nov 24Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether PRQ's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if PRQ's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
Petrus Resources Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (PRQ) | 9.0% |
Market Bottom 25% (CA) | 1.8% |
Market Top 25% (CA) | 6.3% |
Industry Average (Oil and Gas) | 4.7% |
Analyst forecast in 3 Years (PRQ) | 9.0% |
Notable Dividend: PRQ's dividend (9.02%) is higher than the bottom 25% of dividend payers in the Canadian market (1.82%).
High Dividend: PRQ's dividend (9.02%) is in the top 25% of dividend payers in the Canadian market (6.35%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (13.2%), PRQ's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (498%), PRQ's dividend payments are not well covered by cash flows.