TransGlobe Energy Dividend
Dividend criteria checks 2/6
TransGlobe Energy is a dividend paying company with a current yield of 2.69% that is well covered by earnings.
Key information
2.7%
Dividend yield
6%
Payout ratio
Industry average yield | 4.8% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CA$1.70 |
Dividend yield forecast in 3Y | 2.7% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TGL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TGL has only been paying a dividend for 8 years, and since then payments have fallen.
Dividend Yield vs Market
TransGlobe Energy Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (TGL) | 2.7% |
Market Bottom 25% (CA) | 1.9% |
Market Top 25% (CA) | 6.5% |
Industry Average (Oil and Gas) | 4.8% |
Analyst forecast in 3 Years (TGL) | 2.7% |
Notable Dividend: TGL's dividend (2.69%) is higher than the bottom 25% of dividend payers in the Canadian market (2.06%).
High Dividend: TGL's dividend (2.69%) is low compared to the top 25% of dividend payers in the Canadian market (6.66%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (5.8%), TGL's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: TGL is paying a dividend but the company has no free cash flows.