Parex Resources Dividends and Buybacks
Dividend criteria checks 4/6
Parex Resources is a dividend paying company with a current yield of 10.28% that is well covered by earnings. Next payment date is on 16th December, 2024 with an ex-dividend date of 9th December, 2024.
Key information
10.3%
Dividend yield
7.6%
Buyback Yield
| Total Shareholder Yield | 17.9% |
| Future Dividend Yield | 10.7% |
| Dividend Growth | 41.2% |
| Next dividend pay date | 16 Dec 24 |
| Ex dividend date | 09 Dec 24 |
| Dividend per share | US$1.111 |
| Payout ratio | 45% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, PARX.F has been paying a dividend for less than 10 years.
Growing Dividend: PARX.F's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Parex Resources Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PARX.F) | 10.3% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Oil and Gas) | 3.8% |
| Analyst forecast (PARX.F) (up to 3 years) | 10.7% |
Notable Dividend: PARX.F's dividend (10.28%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: PARX.F's dividend (10.28%) is in the top 25% of dividend payers in the US market (4.21%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (44.9%), PARX.F's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (32%), PARX.F's dividend payments are well covered by cash flows.