Source Rock Royalties Dividend
Dividend criteria checks 2/6
Source Rock Royalties is a dividend paying company with a current yield of 8.86%. Next payment date is on 15th May, 2024 with an ex-dividend date of 29th April, 2024.
Key information
8.9%
Dividend yield
190%
Payout ratio
| Industry average yield | 4.8% |
| Next dividend pay date | 15 May 24 |
| Ex dividend date | 29 Apr 24 |
| Dividend per share | n/a |
| Earnings per share | CA$0.035 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Source Rock Royalties (CVE:SRR) Is Paying Out A Dividend Of CA$0.006
Mar 18
Source Rock Royalties (CVE:SRR) Is Due To Pay A Dividend Of CA$0.0055
Sep 19Source Rock Royalties (CVE:SRR) Is Looking To Continue Growing Its Returns On Capital
Aug 16We Think Source Rock Royalties' (CVE:SRR) Robust Earnings Are Conservative
Sep 06Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, SRR has been paying a dividend for less than 10 years.
Growing Dividend: SRR's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| Source Rock Royalties Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SRR) | 8.9% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.5% |
| Industry Average (Oil and Gas) | 4.8% |
| Analyst forecast in 3 Years (SRR) | n/a |
Notable Dividend: SRR's dividend (8.86%) is higher than the bottom 25% of dividend payers in the Canadian market (1.94%).
High Dividend: SRR's dividend (8.86%) is in the top 25% of dividend payers in the Canadian market (6.49%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (189.7%), SRR's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: SRR is paying a dividend but the company has no free cash flows.