Tourmaline Oil Dividends and Buybacks
Dividend criteria checks 3/6
Tourmaline Oil is a dividend paying company with a current yield of 7.97% that is well covered by earnings. Next payment date is on 28th June, 2024 with an ex-dividend date of 14th June, 2024.
Key information
8.0%
Dividend yield
-0.2%
Buyback Yield
| Total Shareholder Yield | 7.7% |
| Future Dividend Yield | 4.6% |
| Dividend Growth | 27.6% |
| Next dividend pay date | 28 Jun 24 |
| Ex dividend date | 14 Jun 24 |
| Dividend per share | Mex$5.200 |
| Payout ratio | 22% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TOU N has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TOU N's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Tourmaline Oil Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TOU N) | 8.0% |
| Market Bottom 25% (MX) | 2.6% |
| Market Top 25% (MX) | 7.1% |
| Industry Average (Oil and Gas) | 14.2% |
| Analyst forecast (TOU N) (up to 3 years) | 4.6% |
Notable Dividend: TOU N's dividend (7.97%) is higher than the bottom 25% of dividend payers in the MX market (2.2%).
High Dividend: TOU N's dividend (7.97%) is in the top 25% of dividend payers in the MX market (6.54%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (21.9%), TOU N's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (124.6%), TOU N's dividend payments are not well covered by cash flows.