Horizon Oil (ASX:HZN) Dividend Payout Ratio : 1.12 (As of Dec. 2023)

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What is Horizon Oil Dividend Payout Ratio?

Horizon Oil's dividend payout ratio for the months ended in Dec. 2023 was 1.12.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Horizon Oil Ltd is 0.87, which seems too high.

The historical rank and industry rank for Horizon Oil's Dividend Payout Ratio or its related term are showing as below:

ASX:HZN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.28 Max: 1.48
Current: 0.87

During the past 13 years, the highest Dividend Payout Ratio of Horizon Oil was 1.48. The lowest was 0.87. And the median was 1.28.

ASX:HZN's Dividend Payout Ratio is ranked worse than
74.07% of 455 companies
in the Oil & Gas industry
Industry Median: 0.45 vs ASX:HZN: 0.87

As of today (2024-05-12), the Dividend Yield % of Horizon Oil is 18.92%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Horizon Oil was 30.71%. The lowest was 17.71%. And the median was 23.89%.

Horizon Oil's Dividends per Share for the months ended in Dec. 2023 was A$0.02.

During the past 12 months, Horizon Oil's average Dividends Per Share Growth Rate was 21.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Horizon Oil Dividend Payout Ratio Historical Data

The historical data trend for Horizon Oil's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Horizon Oil Dividend Payout Ratio Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dividend Payout Ratio

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1.48

1.08

Horizon Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															4.43	-	1.65	0.68	1.12

Competitive Comparison of Horizon Oil's Dividend Payout Ratio

For the Oil & Gas E&P subindustry, Horizon Oil's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Horizon Oil's Dividend Payout Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Horizon Oil's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Horizon Oil's Dividend Payout Ratio falls into.

Horizon Oil Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Horizon Oil's Dividend Payout Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2023 )	/	EPS without NRI (A: Jun. 2023 )
	=	0.043	/	0.04
	=	1.08

Horizon Oil's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.019	/	0.017
	=	1.12

Horizon Oil (ASX:HZN) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Horizon Oil Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Horizon Oil's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Horizon Oil (ASX:HZN) Business Description

Industry

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HZNFF:USA

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.