Granite Ridge Resources Dividend
Dividend criteria checks 2/6
Granite Ridge Resources is a dividend paying company with a current yield of 7.06%.
Key information
7.1%
Dividend yield
97%
Payout ratio
Industry average yield | 2.6% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | €0.46 |
Dividend yield forecast in 3Y | 7.0% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, Y60 has been paying a dividend for less than 10 years.
Growing Dividend: Y60's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
Granite Ridge Resources Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (Y60) | 7.1% |
Market Bottom 25% (DE) | 1.6% |
Market Top 25% (DE) | 4.8% |
Industry Average (Oil and Gas) | 2.6% |
Analyst forecast in 3 Years (Y60) | 7.0% |
Notable Dividend: Y60's dividend (7.06%) is higher than the bottom 25% of dividend payers in the German market (1.63%).
High Dividend: Y60's dividend (7.06%) is in the top 25% of dividend payers in the German market (4.81%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (96.6%), Y60's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Y60 is paying a dividend but the company has no free cash flows.