Cool Co (Cool Co) Dividend Payout Ratio : 0.62 (As of Dec. 2023)

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What is Cool Co Dividend Payout Ratio?

Cool Co's dividend payout ratio for the months ended in Dec. 2023 was 0.62.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Cool Co Ltd is 0.71, which seems too high.

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

CLCO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.52 Med: 0.52 Max: 0.71
Current: 0.71

During the past 3 years, the highest Dividend Payout Ratio of Cool Co was 0.71. The lowest was 0.52. And the median was 0.52.

CLCO's Dividend Payout Ratio is ranked worse than
67.84% of 454 companies
in the Oil & Gas industry
Industry Median: 0.45 vs CLCO: 0.71

As of today (2024-05-09), the Dividend Yield % of Cool Co is 14.09%.

During the past 3 years, the highest Trailing Annual Dividend Yield of Cool Co was 14.09%. The lowest was 2.96%. And the median was 6.76%.

Cool Co's Dividends per Share for the months ended in Dec. 2023 was $0.41.

The growth rate is calculated with least square regression.

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

Cool Co Dividend Payout Ratio Historical Data

The historical data trend for Cool Co'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.

Cool Co Dividend Payout Ratio Chart

Cool Co Annual Data

Trend

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.39

Cool Co Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial			-	-	0.78	0.76	0.62

Competitive Comparison of Cool Co's Dividend Payout Ratio

For the Oil & Gas Midstream subindustry, Cool Co'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.

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

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

* The bar in red indicates where Cool Co's Dividend Payout Ratio falls into.

Cool Co Dividend Payout Ratio Calculation

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

Cool Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.23	/	3.125
	=	0.39

Cool Co'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 )
	=	0.41	/	0.661
	=	0.62

Cool Co (NYSE:CLCO) 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.

Cool Co Dividend Payout Ratio Related Terms

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Cool Co (Cool Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cool Co Ltd (NYSE:CLCO) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

CLCO:Norway HQ3:Germany

Address

9 Par-La-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.coolcoltd.com

Cool Co Ltd is a LNG shipping company. The company operates and manages the fuel-efficient LNGCs providing critical supply chain support to the international energy industry and flexible LNG transportation solutions, providing a lesser-emitting form of energy to help enable decarbonization efforts. Geographical presence of the company is in Singapore, Europe, Asia, Dutch, Japan and other International LNG trader.