NorAm Drilling Dividends and Buybacks
Dividend criteria checks 2/6
NorAm Drilling is a dividend paying company with a current yield of 16.13%.
Key information
16.1%
Dividend yield
-0.02%
Buyback Yield
| Total Shareholder Yield | 16.1% |
| Future Dividend Yield | 23.8% |
| Dividend Growth | 18.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | €5.468 |
| Payout ratio | n/a |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TM9 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TM9's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| NorAm Drilling Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TM9) | 16.1% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.9% |
| Industry Average (Energy Services) | 4.1% |
| Analyst forecast (TM9) (up to 3 years) | 23.8% |
Notable Dividend: TM9's dividend (16.13%) is higher than the bottom 25% of dividend payers in the German market (1.72%).
High Dividend: TM9's dividend (16.13%) is in the top 25% of dividend payers in the German market (4.89%)
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate TM9's payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (123.7%), TM9's dividend payments are not well covered by cash flows.