NorAm Drilling Dividend
Dividend criteria checks 2/6
NorAm Drilling is a dividend paying company with a current yield of 24.52%.
Key information
24.5%
Dividend yield
n/a
Payout ratio
Industry average yield | 4.2% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | kr0.44 |
Dividend yield forecast in 3Y | 25.4% |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether NORAM's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if NORAM's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
NorAm Drilling Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (NORAM) | 24.5% |
Market Bottom 25% (NO) | 3.3% |
Market Top 25% (NO) | 7.7% |
Industry Average (Energy Services) | 4.2% |
Analyst forecast in 3 Years (NORAM) | 25.4% |
Notable Dividend: NORAM's dividend (24.52%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.31%).
High Dividend: NORAM's dividend (24.52%) is in the top 25% of dividend payers in the Norwegian market (7.75%)
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate NORAM'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 (92.2%), NORAM's dividend payments are not well covered by cash flows.