MEG Energy Dividends and Buybacks
Dividend criteria checks 3/6
MEG Energy is a dividend paying company with a current yield of 1.5% that is well covered by earnings. Next payment date is on 15th January, 2025 with an ex-dividend date of 16th December, 2024.
Key information
1.5%
Dividend yield
7.5%
Buyback Yield
| Total Shareholder Yield | 9.0% |
| Future Dividend Yield | 1.6% |
| Dividend Growth | n/a |
| Next dividend pay date | 15 Jan 25 |
| Ex dividend date | 16 Dec 24 |
| Dividend per share | US$0.289 |
| Payout ratio | 5% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether MEGE.F's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if MEGE.F's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| MEG Energy Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MEGE.F) | 1.5% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Oil and Gas) | 3.7% |
| Analyst forecast (MEGE.F) (up to 3 years) | 1.6% |
Notable Dividend: MEGE.F's dividend (1.5%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: MEGE.F's dividend (1.5%) is low compared to the top 25% of dividend payers in the US market (4.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (5.4%), MEGE.F's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (9.7%), MEGE.F's dividend payments are thoroughly covered by cash flows.