Tethys Oil Dividends and Buybacks
Dividend criteria checks 3/6
Tethys Oil is a dividend paying company with a current yield of 9.22% that is well covered by earnings. Last payment was on 16th November, 2023 with an ex-dividend date of 10th November, 2023.
Key information
9.2%
Dividend yield
2.3%
Buyback Yield
| Total Shareholder Yield | 11.5% |
| Future Dividend Yield | 10.0% |
| Dividend Growth | 17.5% |
| Next dividend pay date | 16 Nov 23 |
| Ex dividend date | 10 Nov 23 |
| Dividend per share | n/a |
| Payout ratio | 11% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TETYS has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TETYS's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Tethys Oil Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TETYS) | 9.2% |
| Market Bottom 25% (GB) | 2.1% |
| Market Top 25% (GB) | 5.8% |
| Industry Average (Oil and Gas) | 5.2% |
| Analyst forecast (TETYS) (up to 3 years) | 10.0% |
Notable Dividend: TETYS's dividend (9.22%) is higher than the bottom 25% of dividend payers in the UK market (2.25%).
High Dividend: TETYS's dividend (9.22%) is in the top 25% of dividend payers in the UK market (5.94%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (11%), TETYS's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (131.1%), TETYS's dividend payments are not well covered by cash flows.