Tourmaline Oil Corp's Dividend Analysis
A Comprehensive Look at the Dividend History, Yield, and Sustainability of Tourmaline Oil Corp (TRMLF)
Tourmaline Oil Corp(TRMLF) recently announced a dividend of $1 per share, payable on 2023-11-01, with the ex-dividend date set for 2023-10-23. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Tourmaline Oil Corps dividend performance and assess its sustainability.
What Does Tourmaline Oil Corp Do?
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Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.
A Glimpse at Tourmaline Oil Corp's Dividend History
Tourmaline Oil Corp has maintained a consistent dividend payment record since 2018. Dividends are currently distributed on a quarterly basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Tourmaline Oil Corp's Dividend Yield and Growth
As of today, Tourmaline Oil Corp currently has a 12-month trailing dividend yield of 1.43% and a 12-month forward dividend yield of 1.45%. This suggests an expectation of increase dividend payments over the next 12 months.
Over the past three years, Tourmaline Oil Corp's annual dividend growth rate was 25.10%. Based on Tourmaline Oil Corp's dividend yield and five-year growth rate, the 5-year yield on cost of Tourmaline Oil Corp stock as of today is approximately 1.43%.
The Sustainability Question: 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, Tourmaline Oil Corp's dividend payout ratio is 0.12.
Tourmaline Oil Corp's profitability rank, offers an understanding of the company's earnings prowess relative to its peers. GuruFocus ranks Tourmaline Oil Corp's profitability 8 out of 10 as of 2023-06-30, suggesting good profitability prospects. The company has reported net profit in 9 years out of past 10 years.
Growth Metrics: The Future Outlook
To ensure the sustainability of dividends, a company must have robust growth metrics. Tourmaline Oil Corp's growth rank of 8 out of 10 suggests that the company's growth trajectory is good relative to its competitors.
Revenue is the lifeblood of any company, and Tourmaline Oil Corp's revenue per share, combined with the 3-year revenue growth rate, indicates a strong revenue model. Tourmaline Oil Corp's revenue has increased by approximately 47.70% per year on average, a rate that outperforms than approximately 92.23% of global competitors.
The company's 3-year EPS growth rate showcases its capability to grow its earnings, a critical component for sustaining dividends in the long run. During the past three years, Tourmaline Oil Corp's earnings increased by approximately 123.10% per year on average, a rate that outperforms than approximately 93.54% of global competitors.
Lastly, the company's 5-year EBITDA growth rate of 60.90%, which outperforms than approximately 97.07% of global competitors.
Next Steps
In conclusion, Tourmaline Oil Corp's consistent dividend payments, impressive growth rate, low payout ratio, and strong profitability and growth metrics make it a promising candidate for dividend-focused investors. However, as with any investment, it is crucial to conduct thorough research and consider the company's overall financial health before making a decision. GuruFocus Premium users can screen for high-dividend yield stocks using the High Dividend Yield Screener.
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.
