Orca Energy Group Dividend
Dividend criteria checks 4/6
Orca Energy Group is a dividend paying company with a current yield of 9.64% that is well covered by earnings. Next payment date is on 12th April, 2024 with an ex-dividend date of 28th March, 2024.
Key information
9.6%
Dividend yield
61%
Payout ratio
Industry average yield | 4.8% |
Next dividend pay date | 12 Apr 24 |
Ex dividend date | 28 Mar 24 |
Dividend per share | n/a |
Earnings per share | CA$0.49 |
Dividend yield forecast in 3Y | 9.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, ORC.A has been paying a dividend for less than 10 years.
Growing Dividend: ORC.A's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
Orca Energy Group Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (ORC.A) | 9.6% |
Market Bottom 25% (CA) | 1.9% |
Market Top 25% (CA) | 6.5% |
Industry Average (Oil and Gas) | 4.8% |
Analyst forecast in 3 Years (ORC.A) | 9.8% |
Notable Dividend: ORC.A's dividend (9.64%) is higher than the bottom 25% of dividend payers in the Canadian market (1.98%).
High Dividend: ORC.A's dividend (9.64%) is in the top 25% of dividend payers in the Canadian market (6.39%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (60.7%), ORC.A's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (13.3%), ORC.A's dividend payments are thoroughly covered by cash flows.