Riley Exploration Permian Inc's Dividend Analysis
Insights into the Dividend History, Yield, and Growth of Riley Exploration Permian Inc
Riley Exploration Permian Inc (REPX) recently announced a dividend of $0.36 per share, payable on 2023-11-09, with the ex-dividend date set for 2023-10-25. As investors anticipate this upcoming payment, attention also shifts to the company's dividend history, yield, and growth rates. Utilizing data from GuruFocus, this article delves into Riley Exploration Permian Inc's dividend performance and evaluates its sustainability.
Company Overview
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Riley Exploration Permian Inc is involved in the exploration and production of oil and natural gas. The company's operations span across Kansas Properties, Tennessee Properties, and others.
Riley Exploration Permian Inc's Dividend History
Since 2021, Riley Exploration Permian Inc has maintained a consistent dividend payment record. Dividends are currently distributed on a quarterly basis. The chart below shows annual Dividends Per Share for tracking historical trends.
Understanding Riley Exploration Permian Inc's Dividend Yield and Growth
As of today, Riley Exploration Permian Inc has a 12-month trailing dividend yield of 4.35% and a 12-month forward dividend yield of 4.63%. This suggests an expectation of increased dividend payments over the next 12 months.
Based on Riley Exploration Permian Inc's dividend yield and five-year growth rate, the 5-year yield on cost of Riley Exploration Permian Inc stock as of today is approximately 4.35%.
Assessing Dividend Sustainability: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2023-06-30, Riley Exploration Permian Inc's dividend payout ratio is 0.16.
Riley Exploration Permian Inc's profitability rank offers an understanding of the company's earnings prowess relative to its peers. GuruFocus ranks Riley Exploration Permian Inc's profitability 5 out of 10 as of 2023-06-30, suggesting fair profitability. The company has reported net profit in 3 years out of the past 10 years.
Evaluating Growth Metrics for Future Outlook
To ensure the sustainability of dividends, a company must have robust growth metrics. Riley Exploration Permian Inc's growth rank of 5 out of 10 suggests that the company has a fair growth outlook.
Revenue is the lifeblood of any company, and Riley Exploration Permian Inc's revenue per share, combined with the 3-year revenue growth rate, indicates a strong revenue model. Riley Exploration Permian Inc's revenue has increased by approximately 43.50% per year on average, a rate that outperforms approximately 90.6% of global competitors.
Conclusion
In conclusion, Riley Exploration Permian Inc's consistent dividend payments, promising growth rate, low payout ratio, fair profitability, and strong growth metrics make it an attractive prospect for dividend investors. However, as with any investment, it's crucial to conduct thorough research and consider the company's overall financial health before making a decision.
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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
