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Parex Resources Inc. Dividends

PXT.TO Stock Analysis

Page title

Section title

Dividend Yield
12.96%
Payout Ratio
50.17%
Dividend Amount Per Share
$1.13
Last Ex-Dividend Date
Sep 09, 2024

PXT.TO Dividend Safety

PXT.TO paid out 50.17% of its $459M earnings as dividends over the last 12 months.

Very Safe

  1. Very Unsafe

  2. Unsafe

  3. Somewhat Safe

  4. Safe

  5. Very Safe

Dividend Payout Ratio

PXT.TO's Dividend Payout Ratio of 50.17% is considered safe for the Energy sector, indicating that the company retains enough earnings to support business growth.

Interest Rate Coverage

PXT.TO's Interest Coverage Ratio of 352.601 indicates strong financial health with easy coverage of interest expenses.

Income Quality

PXT.TO demonstrates poor income quality with a ratio of 0.82. This indicates low-quality earnings and high risk of dividend cuts.

PXT.TO Dividend Growth

Parex Resources Inc.(PXT.TO) offers a dividend yield of 12.96% and pays $1.13 in dividends per share. Explore the historical dividend growth of PXT.TO.

Dividend Stability

PXT.TO has maintained stable dividend payments over the past 3 years with no cuts over 5%.

Dividend Growth

PXT.TO's dividend payments have increased by 25.231% annually over the last 5 years.

Earnings Growth

PXT.TO's earnings have grown by 6.967% annually over the last 5 years. This strong earnings growth suggests a stable and increasing income stream, supporting the sustainability and potential growth of dividend payouts.

PXT.TO Dividend Yield Attractiveness

Parex Resources Inc.(PXT.TO) provides a dividend yield of 12.96%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.

Yield %

Peers

Industry

Sector

PXT.TO

3.03%

5.52%

5.72%

12.96%

Dividend Yield

PXT.TO's dividend yield of 12.96% is considered high compared to the sector average of 5.715%, indicating a higher potential risk for investors.

PXT.TO Cash Flow

Over the past 12 months, PXT.TO generated $1B in revenue, produced $355M in free cash flow, and distributed $116M in dividends.

100%75%50%25%0%

Free Cash Flow Growth

PXT.TO's free cash flow has decreased by -34.5% annually over the last 5 years, indicating a weak ability to generate cash and support dividend payments.

PXT.TO Free Cash Flow and Dividends Paid

This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by Parex Resources Inc.. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.

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