Source Rock Royalties (TSXV:SRR) Dividend Payout Ratio : 2.25 (As of Dec. 2023)

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What is Source Rock Royalties Dividend Payout Ratio?

Source Rock Royalties's dividend payout ratio for the months ended in Dec. 2023 was 2.25.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Source Rock Royalties Ltd is 2.21, which seems too high.

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

TSXV:SRR' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.02 Med: 1.57 Max: 2.21
Current: 2.21

During the past 4 years, the highest Dividend Payout Ratio of Source Rock Royalties was 2.21. The lowest was 1.02. And the median was 1.57.

TSXV:SRR's Dividend Payout Ratio is ranked worse than
94.29% of 455 companies
in the Oil & Gas industry
Industry Median: 0.45 vs TSXV:SRR: 2.21

As of today (2024-05-08), the Dividend Yield % of Source Rock Royalties is 7.95%.

During the past 4 years, the highest Trailing Annual Dividend Yield of Source Rock Royalties was 9.24%. The lowest was 1.65%. And the median was 7.56%.

Source Rock Royalties's Dividends per Share for the months ended in Dec. 2023 was C$0.02.

During the past 12 months, Source Rock Royalties's average Dividends Per Share Growth Rate was 20.00% per year.

The growth rate is calculated with least square regression.

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

Source Rock Royalties Dividend Payout Ratio Historical Data

The historical data trend for Source Rock Royalties'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.

Source Rock Royalties Dividend Payout Ratio Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

1.02

2.12

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial								1.25	3.00	1.89	2.09	2.25

Competitive Comparison of Source Rock Royalties's Dividend Payout Ratio

For the Oil & Gas Midstream subindustry, Source Rock Royalties'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.

Source Rock Royalties's Dividend Payout Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Source Rock Royalties's Dividend Payout Ratio falls into.

Source Rock Royalties Dividend Payout Ratio Calculation

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

Source Rock Royalties'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 )
	=	0.072	/	0.034
	=	2.12

Source Rock Royalties'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 )
	=	0.018	/	0.008
	=	2.25

Source Rock Royalties (TSXV:SRR) 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.

Source Rock Royalties Dividend Payout Ratio Related Terms

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

Source Rock Royalties (TSXV:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (TSXV:SRR) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

SRRRF:USA

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Executives

Bradley Robert Docherty	Director, Senior Officer
Shaun Ashton Thiessen	Director

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