Page title
Section title
- Dividend Yield
- 3.92%
- Payout Ratio
- 21.74%
- Dividend Amount Per Share
- $0.15
- Last Ex-Dividend Date
- Aug 30, 2024
TVE.TO Dividend Safety
TVE.TO paid out 21.74% of its $94M earnings as dividends over the last 12 months.
Very Safe
Very Unsafe
Unsafe
Somewhat Safe
Safe
Very Safe
Dividend Payout Ratio
TVE.TO's Dividend Payout Ratio of 21.74% is considered safe for the Energy sector, indicating that the company retains enough earnings to support business growth.
Interest Rate Coverage
TVE.TO's Interest Coverage Ratio of 5.765 indicates strong financial health with easy coverage of interest expenses.
Income Quality
TVE.TO shows excellent income quality with a ratio of 6.705. This indicates high-quality earnings and low risk of dividend cuts.
TVE.TO Dividend Growth
Tamarack Valley Energy Ltd.(TVE.TO) offers a dividend yield of 3.92% and pays $0.15 in dividends per share. Explore the historical dividend growth of TVE.TO.
Dividend Stability
TVE.TO has maintained stable dividend payments over the past 3 years with no cuts over 5%.
Dividend Growth
TVE.TO's dividend payments have increased by 8.534% annually over the last 5 years.
Earnings Growth
TVE.TO's earnings have grown by 68.292% 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.
TVE.TO Dividend Yield Attractiveness
Tamarack Valley Energy Ltd.(TVE.TO) provides a dividend yield of 3.92%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.
Yield %
3.92%
5.52%
5.72%
9.27%
Dividend Yield
TVE.TO's dividend yield of 3.92% is considered good compared to the sector average of 5.715%, providing a strong safety margin for investors.
TVE.TO Cash Flow
Over the past 12 months, TVE.TO generated $1B in revenue, produced $342M in free cash flow, and distributed $83M in dividends.
Free Cash Flow Growth
TVE.TO's free cash flow has grown by 47.811% annually over the last 5 years, indicating a strong ability to generate cash and support dividend payments.
TVE.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 Tamarack Valley Energy Ltd.. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.