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 November, 2024 with an ex-dividend date of 31st October, 2024.
Key information
8.9%
Dividend yield
196%
Payout ratio
| Industry average yield | 4.7% |
| Next dividend pay date | 15 Nov 24 |
| Ex dividend date | 31 Oct 24 |
| Dividend per share | CA$0.078 |
| Earnings per share | CA$0.037 |
| Future Dividend Yield | n/a |
Recent dividend updates
Recent updates
Source Rock Royalties (CVE:SRR) Is Due To Pay A Dividend Of CA$0.0065
Jun 20
Earnings Troubles May Signal Larger Issues for Source Rock Royalties (CVE:SRR) Shareholders
Apr 26Source Rock Royalties (CVE:SRR) Is Increasing Its Dividend To CA$0.0065
Apr 25Source Rock Royalties (CVE:SRR) Is Paying Out A Dividend Of CA$0.006
Mar 18Source 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 06Stability 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 3 years.
Dividend Yield vs Market
| Source Rock Royalties Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SRR) | 8.9% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Oil and Gas) | 4.7% |
| Analyst forecast (SRR) (up to 3 years) | n/a |
Notable Dividend: SRR's dividend (8.86%) is higher than the bottom 25% of dividend payers in the Canadian market (1.77%).
High Dividend: SRR's dividend (8.86%) is in the top 25% of dividend payers in the Canadian market (6.11%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (196.3%), 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.