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Tourmaline Oil Corp (Alberta) Stock

Tourmaline Oil Corp (Alberta) Dividend 2024

Tourmaline Oil Corp (Alberta) Dividend

6.55 CAD

Tourmaline Oil Corp (Alberta) Dividend yield

10.33 %

Ticker

TOU.TO

ISIN

CA89156V1067

WKN

A1C8W0

How much dividend does Tourmaline Oil Corp (Alberta) 2024 pay?

According to the latest status from October 2024, Tourmaline Oil Corp (Alberta) paid a total of 6.55 CAD per share in dividends within the last 12 months. With the current Tourmaline Oil Corp (Alberta) price of 63.38 CAD, this corresponds to a dividend yield of 10.33 %. A dividend is paid times per year.

10.33 % Dividend Yield=
6.55 CAD Dividend
63.38 CAD Stock Price

Historical Tourmaline Oil Corp (Alberta) Dividends

A dividend is paid times per year. Last year, the payout months were January, February, April, June, July, September, October and November.

PaydateDividend
10/13/20240.35
9/9/20240.5
7/14/20240.32
6/8/20240.5
4/14/20240.3
4/13/20240.5
1/14/20240.28
11/23/20231
10/14/20230.26
9/11/20231
7/14/20230.26
6/10/20231.5
4/14/20230.25
2/23/20232
1/14/20230.25
12/8/20222.25
10/14/20220.23
9/4/20222
7/14/20220.23
6/11/20221.5
1
2

Tourmaline Oil Corp (Alberta) dividend history and estimates

In 2023, Tourmaline Oil Corp (Alberta) paid a dividend amounting to 6.55 CAD. Dividend means that Tourmaline Oil Corp (Alberta) distributes a portion of its profits to its owners.

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Dividend

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Dividend Overview

The dividend per year chart for Tourmaline Oil Corp (Alberta) provides a comprehensive view of the annual dividends distributed to shareholders. Analyze the trend to understand the consistency and growth in dividend payouts over the years.

Interpretation and Use

A consistent or increasing trend in dividends can indicate the company's profitability and financial health. Investors can use this data to identify Tourmaline Oil Corp (Alberta)’s potential for long-term investment and income generation through dividends.

Investment Strategy

Incorporate the dividend data in evaluating Tourmaline Oil Corp (Alberta)'s overall performance. A thorough analysis, considering other financial aspects, will help in making informed investment decisions for optimal capital growth and income generation.

Tourmaline Oil Corp (Alberta) Dividend History

DateTourmaline Oil Corp (Alberta) Dividend
2026e7.85 CAD
2025e7.74 CAD
2024e7.86 CAD
20236.55 CAD
20227.9 CAD
20211.42 CAD
20200.5 CAD
20190.46 CAD
20180.37 CAD

Is the Tourmaline Oil Corp (Alberta) Dividend Safe?

Tourmaline Oil Corp (Alberta) has been increasing the dividend for 5 years.

Over the past 10 years, Tourmaline Oil Corp (Alberta) has increased it by an annual 0 %.

Over a five-year period, the distribution increased by 77.667%.

Analysts expect a Dividend Increase of 9.526% for the current fiscal year.

Tourmaline Oil Corp (Alberta) dividend payout ratio

In 2023, Tourmaline Oil Corp (Alberta) had a payout ratio of 34.85%. The payout ratio indicates the percentage of the company's profits that Tourmaline Oil Corp (Alberta) distributes as dividends.

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What is Yearly Payout Ratio?

The yearly payout ratio for Tourmaline Oil Corp (Alberta) represents the proportion of earnings paid out as dividends to shareholders. It is an indicator of the company's financial health and stability, illustrating how much profit is being returned to investors versus being reinvested back into the company.

How to Interpret the Data

A lower payout ratio for Tourmaline Oil Corp (Alberta) could mean that the company is reinvesting more into its growth, whereas a higher ratio indicates more earnings are being distributed as dividends. Investors seeking regular income might prefer companies with a higher payout ratio, while those looking for growth may opt for companies with a lower ratio.

Using the Data for Investments

Evaluate Tourmaline Oil Corp (Alberta)'s payout ratio in conjunction with other financial metrics and performance indicators. A sustainable payout ratio, coupled with strong financial health, can indicate a reliable dividend payout. However, a very high ratio might suggest the company is not sufficiently reinvesting in its future growth.

Tourmaline Oil Corp (Alberta) Payout Ratio History

DateTourmaline Oil Corp (Alberta) Payout ratio
2026e39.57 %
2025e44.76 %
2024e39.12 %
202334.85 %
202260.31 %
202122.2 %
202022.03 %
201938.98 %
201825 %
201734.85 %
201634.85 %
201534.85 %
201434.85 %
201334.85 %
201234.85 %
201134.85 %
201034.85 %
200934.85 %
200834.85 %

Dividend Details

Understanding Tourmaline Oil Corp (Alberta)'s Dividend Distributions

Tourmaline Oil Corp (Alberta)’s dividends are a portion of the company’s profits distributed to shareholders. It is a critical indicator of the company’s financial health and attractiveness to investors. Dividends provide investors with a steady income stream, in addition to any profits that may come from selling the stock at a higher price than the purchase price.

Year-to-Year Comparison

Examining Tourmaline Oil Corp (Alberta)'s dividend distributions over the years can highlight the company’s profitability and stability. A consistent or increasing dividend payout can indicate a financially healthy company with predictable earnings, while fluctuations or reductions in dividends can suggest underlying financial or operational challenges.

Impact on Investments

Tourmaline Oil Corp (Alberta)'s dividend payments are an essential factor for income-focused investors. A robust dividend payout can enhance the stock’s appeal, offering regular income in addition to potential capital gains. It also can indicate the company's confidence in its future earnings, making it a significant consideration in investment decisions.

Interpreting Dividend Fluctuations

Changes in Tourmaline Oil Corp (Alberta)’s dividends can result from shifts in the company’s earnings, financial policies, or reinvestment strategies. An increase in dividends often signals financial stability, while a decrease may indicate a need to conserve cash or reinvest profits to fuel growth, each scenario having different implications for investors.

Tourmaline Oil Corp (Alberta) Aktienanalyse

What does Tourmaline Oil Corp (Alberta) do?

Tourmaline Oil Corp is one of the leading Canadian energy companies in the natural gas and oil industry. The company is headquartered in Calgary, Alberta, and has experienced rapid growth since its founding in 2008. Tourmaline is listed on the Toronto Stock Exchange under the ticker symbol "TOU". History Tourmaline Oil Corp was founded by current CEO Mike Rose in 2008. Rose had previously worked at EnCana Corporation, one of Canada's largest energy companies. Tourmaline started as a small company with only four employees and a single drilling site in Alberta. Since then, the company has experienced impressive expansion through mergers and acquisitions. Today, Tourmaline has over 2,000 employees, operates over 150 drilling sites, and has established itself as one of the leading Canadian energy producers. Business Model Tourmaline's business model focuses on the exploration, development, production, and marketing of oil, natural gas, and NGLs (Natural Gas Liquids) in Canada. However, the company is able to cover the full value chain, including transportation and processing infrastructure, making it more effective in controlling margins and improving profitability. Segments Tourmaline operates in three main segments: natural gas, oil, and NGLs. The company produces natural gas in the three major North American formations: the Montney-Fairway system, the Deep Basin, and the Greater Peace River Arch. The company is also active in oil sands, with a focus on the Peace River formation. Tourmaline is also a leading producer and marketer of NGLs such as propane, butane, and ethane. Products Tourmaline's primary product is natural gas. The company markets its natural gas to a wide range of customers, including energy utilities and industrial end-users. Tourmaline is also a significant oil producer and markets the oil to refineries and other end-users. In terms of NGLs, Tourmaline produces a variety of products such as propane, butane, and ethane. These are primarily used by the petrochemical industry and other end-users. Tourmaline has also invested in renewable energy in recent years and acquired a portfolio of solar parks that generate electricity in Canada. This has helped expand Tourmaline's portfolio into renewable energy and make the company more sustainable. Conclusion Tourmaline Oil Corp is a major player in the Canadian energy industry and has become one of the leading energy producers in a short period of time. The company specializes in the exploration, development, production, and marketing of oil, natural gas, and NGLs, and can cover the full value chain. With its investment in renewable energy, Tourmaline also demonstrates a strong commitment to sustainability. Overall, Tourmaline is a company that follows a clear strategy and is well-positioned to continue growing and succeeding. Tourmaline Oil Corp (Alberta) is one of the most popular companies on Eulerpool.com.
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Frequently Asked Questions about Tourmaline Oil Corp (Alberta) stock

How much dividend does Tourmaline Oil Corp (Alberta) pay?

Over the past 12 months, Tourmaline Oil Corp (Alberta) paid a dividend of 6.55 CAD . This corresponds to a dividend yield of about 10.33 %. For the coming 12 months, Tourmaline Oil Corp (Alberta) is expected to pay a dividend of 7.74 CAD.

What is the dividend yield of Tourmaline Oil Corp (Alberta)?

The current dividend yield of Tourmaline Oil Corp (Alberta) is 10.33 %.

When does Tourmaline Oil Corp (Alberta) pay dividends?

Tourmaline Oil Corp (Alberta) pays a quarterly dividend. This is distributed in the months of June, July, September, October.

How secure is the dividend of Tourmaline Oil Corp (Alberta)?

Tourmaline Oil Corp (Alberta) paid dividends every year for the past 9 years.

What is the dividend of Tourmaline Oil Corp (Alberta)?

For the upcoming 12 months, dividends amounting to 7.74 CAD are expected. This corresponds to a dividend yield of 12.21 %.

In which sector is Tourmaline Oil Corp (Alberta) located?

Tourmaline Oil Corp (Alberta) is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Tourmaline Oil Corp (Alberta) kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Tourmaline Oil Corp (Alberta) from 9/27/2024 amounting to 0.35 CAD, you needed to have the stock in your portfolio before the ex-date on 9/13/2024.

When did Tourmaline Oil Corp (Alberta) pay the last dividend?

The last dividend was paid out on 9/27/2024.

What was the dividend of Tourmaline Oil Corp (Alberta) in the year 2023?

In the year 2023, Tourmaline Oil Corp (Alberta) distributed 7.9 CAD as dividends.

In which currency does Tourmaline Oil Corp (Alberta) pay out the dividend?

The dividends of Tourmaline Oil Corp (Alberta) are distributed in CAD.

Andere Kennzahlen von Tourmaline Oil Corp (Alberta)

Our stock analysis for Tourmaline Oil Corp (Alberta) Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tourmaline Oil Corp (Alberta) Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.