Granite Ridge Resources, Inc.

NYSE:GRNT Stock Report

Market Cap: US$800.2m

Granite Ridge Resources Dividend

Dividend criteria checks 2/6

Granite Ridge Resources is a dividend paying company with a current yield of 7.52%.

Key information

7.5%

Dividend yield

97%

Payout ratio

Industry average yield4.1%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Earnings per shareUS$0.46
Dividend yield forecast in 3Y7.5%

Recent dividend updates

Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11

May 21
Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11

Recent updates

Investors Will Want Granite Ridge Resources' (NYSE:GRNT) Growth In ROCE To Persist

Jun 10
Investors Will Want Granite Ridge Resources' (NYSE:GRNT) Growth In ROCE To Persist

Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11

May 21
Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11

Estimating The Fair Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)

May 14
Estimating The Fair Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)

Granite Ridge Resources: Balancing Production Growth With Increasing Debt

Apr 05

Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

Mar 15
Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

Mar 10
There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt

Feb 16
Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt

Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update

Feb 05

Granite Ridge Resources: Debt Remains Reasonable Despite Spending To Grow Production

Dec 08

Granite Ridge: Secondary Creates Buying Opportunity

Sep 29

Granite Ridge Resources: Attempting To Scale Up Production

Aug 30

Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap

Jun 14

We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger

Mar 28
We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger

Granite Ridge Resources raises dividend by 37.5% to $0.11

Feb 21

Granite Ridge Resources reports Q3 results

Nov 14

Stability 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
How does GRNT dividend yield compare to the market?
SegmentDividend Yield
Company (GRNT)7.5%
Market Bottom 25% (US)1.5%
Market Top 25% (US)4.8%
Industry Average (Oil and Gas)4.1%
Analyst forecast in 3 Years (GRNT)7.5%

Notable Dividend: GRNT's dividend (7.52%) is higher than the bottom 25% of dividend payers in the US market (1.53%).

High Dividend: GRNT's dividend (7.52%) is in the top 25% of dividend payers in the US market (4.79%)


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (96.6%), 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.


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