Surge Energy Dividend
Dividend criteria checks 3/6
Surge Energy is a dividend paying company with a current yield of 7.7%. Next payment date is on 16th September, 2024 with an ex-dividend date of 30th August, 2024.
Key information
7.7%
Dividend yield
-59%
Payout ratio
| Industry average yield | 4.6% |
| Next dividend pay date | 16 Sep 24 |
| Ex dividend date | 30 Aug 24 |
| Dividend per share | CA$0.520 |
| Earnings per share | -CA$0.81 |
| Dividend yield forecast in 3Y | 7.7% |
Recent dividend 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 20Recent updates
Surge Energy's (TSE:SGY) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 19Surge 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 20Industry Analysts Just Made A Meaningful Upgrade To Their Surge Energy Inc. (TSE:SGY) Revenue Forecasts
Nov 23Upcoming 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) | 7.7% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Oil and Gas) | 4.6% |
| Analyst forecast in 3 Years (SGY) | 7.7% |
Notable Dividend: SGY's dividend (7.7%) is higher than the bottom 25% of dividend payers in the Canadian market (1.78%).
High Dividend: SGY's dividend (7.7%) is in the top 25% of dividend payers in the Canadian market (6.14%)
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 (51.8%), SGY's dividend payments are covered by cash flows.