Granite Ridge Resources Dividends and Buybacks
Dividend criteria checks 2/6
Granite Ridge Resources is a dividend paying company with a current yield of 7.83%.
Key information
7.8%
Dividend yield
3.2%
Buyback Yield
| Total Shareholder Yield | 11.1% |
| Future Dividend Yield | 7.8% |
| Dividend Growth | 15.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.440 |
| Payout ratio | 120% |
Recent dividend and buyback updates
Granite Ridge Resources (NYSE:GRNT) Has Affirmed Its Dividend Of $0.11
Nov 12
Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11
Aug 26Granite Ridge Resources (NYSE:GRNT) Is Paying Out A Dividend Of $0.11
Aug 12Recent updates
Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
Nov 16Some May Be Optimistic About Granite Ridge Resources' (NYSE:GRNT) Earnings
Nov 15Granite Ridge Resources (NYSE:GRNT) Has Affirmed Its Dividend Of $0.11
Nov 12Granite Ridge Resources: Increased Spending Expected To Boost Early 2025 Production
Sep 18Is Granite Ridge Resources, Inc. (NYSE:GRNT) Trading At A 24% Discount?
Sep 18Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11
Aug 26Granite Ridge Resources (NYSE:GRNT) Is Paying Out A Dividend Of $0.11
Aug 12Is Granite Ridge Resources (NYSE:GRNT) A Risky Investment?
Aug 03Granite Ridge Resources: Free Cash Flow May Be Close To Zero In 2024
Jun 18Investors Will Want Granite Ridge Resources' (NYSE:GRNT) Growth In ROCE To Persist
Jun 10Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11
May 21Estimating The Fair Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)
May 14Granite Ridge Resources: Balancing Production Growth With Increasing Debt
Apr 05Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear
Mar 15There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding
Mar 10Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt
Feb 16Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update
Feb 05Granite Ridge Resources: Debt Remains Reasonable Despite Spending To Grow Production
Dec 08Granite Ridge: Secondary Creates Buying Opportunity
Sep 29Granite Ridge Resources: Attempting To Scale Up Production
Aug 30Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap
Jun 14We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger
Mar 28Granite Ridge Resources raises dividend by 37.5% to $0.11
Feb 21Granite Ridge Resources reports Q3 results
Nov 14Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, GRNT has been paying a dividend for less than 10 years.
Growing Dividend: GRNT'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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GRNT) | 7.8% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.6% |
| Industry Average (Oil and Gas) | 4.3% |
| Analyst forecast (GRNT) (up to 3 years) | 7.8% |
Notable Dividend: GRNT's dividend (7.83%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: GRNT's dividend (7.83%) is in the top 25% of dividend payers in the US market (4.53%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (120.5%), GRNT's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: GRNT is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 08:38 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Granite Ridge Resources, Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Abbott | BofA Global Research |
| Noah Hungness | BofA Global Research |
| Brian Velie | Capital One Securities, Inc. |