Tourmaline Oil Dividend
Dividend criteria checks 3/6
Tourmaline Oil is a dividend paying company with a current yield of 9.14% that is well covered by earnings. Next payment date is on 21st August, 2024 with an ex-dividend date of 9th August, 2024.
Key information
9.1%
Dividend yield
27%
Payout ratio
Industry average yield | 4.9% |
Next dividend pay date | 21 Aug 24 |
Ex dividend date | 09 Aug 24 |
Dividend per share | CA$5.200 |
Earnings per share | CA$4.19 |
Dividend yield forecast in 3Y | 3.9% |
Recent dividend updates
Tourmaline Oil's (TSE:TOU) Dividend Will Be CA$0.32
Jun 12Tourmaline Oil (TSE:TOU) Is Due To Pay A Dividend Of CA$0.32
May 29Recent updates
Tourmaline Oil's (TSE:TOU) Dividend Will Be CA$0.32
Jun 12Tourmaline Oil (TSE:TOU) Is Due To Pay A Dividend Of CA$0.32
May 29Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
May 02Estimating The Intrinsic Value Of Tourmaline Oil Corp. (TSE:TOU)
Feb 25Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Jan 16Tourmaline Oil Corp.'s (TSE:TOU) Share Price Matching Investor Opinion
Dec 26An Intrinsic Calculation For Tourmaline Oil Corp. (TSE:TOU) Suggests It's 44% Undervalued
Nov 14Tourmaline Oil (TSE:TOU) Seems To Use Debt Quite Sensibly
Oct 06A Look At The Fair Value Of Tourmaline Oil Corp. (TSE:TOU)
Aug 09Tourmaline Oil Corp. (TSE:TOU) Analysts Just Slashed This Year's Estimates
May 05If EPS Growth Is Important To You, Tourmaline Oil (TSE:TOU) Presents An Opportunity
Apr 24Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Mar 26Tourmaline Oil Corp.'s (TSE:TOU) Intrinsic Value Is Potentially 42% Above Its Share Price
Jan 30With EPS Growth And More, Tourmaline Oil (TSE:TOU) Makes An Interesting Case
Jan 16Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Dec 18With EPS Growth And More, Tourmaline Oil (TSE:TOU) Makes An Interesting Case
Oct 11An Intrinsic Calculation For Tourmaline Oil Corp. (TSE:TOU) Suggests It's 22% Undervalued
Sep 13These 4 Measures Indicate That Tourmaline Oil (TSE:TOU) Is Using Debt Safely
Aug 31Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TOU has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TOU's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
Tourmaline Oil Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (TOU) | 9.1% |
Market Bottom 25% (CA) | 1.9% |
Market Top 25% (CA) | 6.3% |
Industry Average (Oil and Gas) | 4.9% |
Analyst forecast in 3 Years (TOU) | 3.9% |
Notable Dividend: TOU's dividend (9.14%) is higher than the bottom 25% of dividend payers in the Canadian market (1.86%).
High Dividend: TOU's dividend (9.14%) 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 (27.3%), TOU's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (163%), TOU's dividend payments are not well covered by cash flows.