Surge Energy Dividends and Buybacks
Dividend criteria checks 3/6
Surge Energy is a dividend paying company with a current yield of 8.62%. Next payment date is on 16th December, 2024 with an ex-dividend date of 29th November, 2024.
Key information
8.6%
Dividend yield
0.8%
Buyback Yield
| Total Shareholder Yield | 9.4% |
| Future Dividend Yield | 8.6% |
| Dividend Growth | -3.0% |
| Next dividend pay date | 16 Dec 24 |
| Ex dividend date | 29 Nov 24 |
| Dividend per share | CA$0.520 |
| Payout ratio | -60% |
Recent dividend and buyback updates
Recent updates
Surge Energy's (TSE:SGY) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 19
Surge Energy (TSE:SGY) Is Increasing Its Dividend To CA$0.043
Jul 18Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04
Jun 20Surge Energy (TSE:SGY) Is Paying Out A Dividend Of CA$0.04
May 23Shareholders May Not Be So Generous With Surge Energy Inc.'s (TSE:SGY) CEO Compensation And Here's Why
May 08Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04
Mar 18Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04
Feb 19Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04
Jan 19Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04
Nov 18Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04
Oct 19Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04
Sep 19Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04
Aug 18Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04
Jul 20Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SGY's dividend payments have been volatile in the past 10 years.
Growing Dividend: SGY's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Surge Energy Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SGY) | 8.6% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Oil and Gas) | 4.3% |
| Analyst forecast (SGY) (up to 3 years) | 8.6% |
Notable Dividend: SGY's dividend (8.62%) is higher than the bottom 25% of dividend payers in the Canadian market (1.76%).
High Dividend: SGY's dividend (8.62%) is in the top 25% of dividend payers in the Canadian market (6.16%)
Earnings Payout to Shareholders
Earnings Coverage: SGY is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (55.1%), SGY's dividend payments are covered by cash flows.