Paramount Resources Dividends and Buybacks
Dividend criteria checks 3/6
Paramount Resources is a dividend paying company with a current yield of 5.77% that is well covered by earnings. Next payment date is on 29th November, 2024 with an ex-dividend date of 15th November, 2024.
Key information
5.8%
Dividend yield
-0.1%
Buyback Yield
| Total Shareholder Yield | 5.7% |
| Future Dividend Yield | 5.8% |
| Dividend Growth | 29.3% |
| Next dividend pay date | 29 Nov 24 |
| Ex dividend date | 15 Nov 24 |
| Dividend per share | €1.206 |
| Payout ratio | 65% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, PQ51 has been paying a dividend for less than 10 years.
Growing Dividend: PQ51's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Paramount Resources Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PQ51) | 5.8% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.8% |
| Industry Average (Oil and Gas) | 2.8% |
| Analyst forecast (PQ51) (up to 3 years) | 5.8% |
Notable Dividend: PQ51's dividend (5.77%) is higher than the bottom 25% of dividend payers in the German market (1.69%).
High Dividend: PQ51's dividend (5.77%) is in the top 25% of dividend payers in the German market (4.79%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (65.5%), PQ51's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (769.2%), PQ51's dividend payments are not well covered by cash flows.