Granite Ridge Resources Dividend
Dividend criteria checks 2/6
Granite Ridge Resources is a dividend paying company with a current yield of 6.77%. Next payment date is on 13th September, 2024 with an ex-dividend date of 30th August, 2024.
Key information
6.8%
Dividend yield
102%
Payout ratio
| Industry average yield | 4.0% |
| Next dividend pay date | 13 Sep 24 |
| Ex dividend date | 30 Aug 24 |
| Dividend per share | US$0.440 |
| Earnings per share | US$0.43 |
| Dividend yield forecast in 3Y | 6.8% |
Recent dividend updates
Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11
Aug 26
Granite Ridge Resources (NYSE:GRNT) Is Paying Out A Dividend Of $0.11
Aug 12Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11
May 21Recent updates
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 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 14Upcoming Dividend Payment
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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GRNT) | 6.8% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.4% |
| Industry Average (Oil and Gas) | 4.0% |
| Analyst forecast in 3 Years (GRNT) | 6.8% |
Notable Dividend: GRNT's dividend (6.77%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: GRNT's dividend (6.77%) is in the top 25% of dividend payers in the US market (4.35%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (102.3%), 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.