Parex Resources Dividend
Dividend criteria checks 4/6
Parex Resources is a dividend paying company with a current yield of 8.9% that is well covered by earnings. Next payment date is on 16th September, 2024 with an ex-dividend date of 9th September, 2024.
Key information
8.9%
Dividend yield
37%
Payout ratio
Industry average yield | 4.9% |
Next dividend pay date | 16 Sep 24 |
Ex dividend date | 09 Sep 24 |
Dividend per share | CA$1.540 |
Earnings per share | CA$3.14 |
Dividend yield forecast in 3Y | 8.8% |
Recent dividend updates
Recent updates
Parex Resources (TSE:PXT) Has Announced A Dividend Of $0.385
Aug 05Here's Why Parex Resources (TSE:PXT) Can Manage Its Debt Responsibly
Jun 04The Market Doesn't Like What It Sees From Parex Resources Inc.'s (TSE:PXT) Earnings Yet
Jan 28Here'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 10Upcoming Dividend Payment
Stability 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) | 8.9% |
Market Bottom 25% (CA) | 1.9% |
Market Top 25% (CA) | 6.3% |
Industry Average (Oil and Gas) | 4.9% |
Analyst forecast in 3 Years (PXT) | 8.8% |
Notable Dividend: PXT's dividend (8.9%) is higher than the bottom 25% of dividend payers in the Canadian market (1.86%).
High Dividend: PXT's dividend (8.9%) is in the top 25% of dividend payers in the Canadian market (6.29%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (36.8%), PXT's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (65.8%), PXT's dividend payments are covered by cash flows.