Parex Resources Dividend
Dividend criteria checks 2/6
Parex Resources is a dividend paying company with a current yield of 6.31% that is well covered by earnings.
Key information
6.3%
Dividend yield
26%
Payout ratio
| Industry average yield | 4.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CA$4.46 |
| Dividend yield forecast in 3Y | 6.6% |
Recent dividend updates
Recent updates
The Market Doesn't Like What It Sees From Parex Resources Inc.'s (TSE:PXT) Earnings Yet
Jan 28
Here's Why We Think Parex Resources (TSE:PXT) Is Well Worth Watching
Jan 10Many Would Be Envious Of Parex Resources' (TSE:PXT) Excellent Returns On Capital
Nov 28Here's Why We Think Parex Resources (TSE:PXT) Is Well Worth Watching
Oct 05Parex Resources Inc. (TSE:PXT) Shares Could Be 23% Below Their Intrinsic Value Estimate
Sep 20Here's What Parex Resources' (TSE:PXT) Strong Returns On Capital Mean
Aug 26Newsflash: Parex Resources Inc. (TSE:PXT) Analysts Have Been Trimming Their Revenue Forecasts
Aug 04If EPS Growth Is Important To You, Parex Resources (TSE:PXT) Presents An Opportunity
Jun 04Returns on Capital Paint A Bright Future For Parex Resources (TSE:PXT)
May 10Is Parex Resources Inc. (TSE:PXT) Trading At A 30% Discount?
Apr 06Parex Resources (TSE:PXT) Is Increasing Its Dividend To $0.375
Feb 09With EPS Growth And More, Parex Resources (TSE:PXT) Makes An Interesting Case
Jan 24Returns On Capital Are A Standout For Parex Resources (TSE:PXT)
Jan 10Here's Why We Think Parex Resources (TSE:PXT) Might Deserve Your Attention Today
Oct 07The Trend Of High Returns At Parex Resources (TSE:PXT) Has Us Very Interested
Sep 22Investors Should Be Encouraged By Parex Resources' (TSE:PXT) Returns On Capital
May 10Calculating The Intrinsic Value Of Parex Resources Inc. (TSE:PXT)
Jan 28Returns on Capital Paint A Bright Future For Parex Resources (TSE:PXT)
Dec 21A Look At The Intrinsic Value Of Parex Resources Inc. (TSE:PXT)
Oct 29Under The Bonnet, Parex Resources' (TSE:PXT) Returns Look Impressive
Sep 06Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, PXT has been paying a dividend for less than 10 years.
Growing Dividend: PXT's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Parex Resources Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PXT) | 6.3% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.5% |
| Industry Average (Oil and Gas) | 4.9% |
| Analyst forecast in 3 Years (PXT) | 6.6% |
Notable Dividend: PXT's dividend (6.31%) is higher than the bottom 25% of dividend payers in the Canadian market (1.94%).
High Dividend: PXT's dividend (6.31%) is low compared to the top 25% of dividend payers in the Canadian market (6.56%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (26.3%), PXT's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: PXT is paying a dividend but the company has no free cash flows.