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Topaz Energy (TSX:TPZ) Dividend Yield % : 5.49% (As of May. 08, 2024)


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What is Topaz Energy Dividend Yield %?

As of today (2024-05-08), the Trailing Annual Dividend Yield of Topaz Energy is 5.49%.

The historical rank and industry rank for Topaz Energy's Dividend Yield % or its related term are showing as below:

TSX:TPZ' s Dividend Yield % Range Over the Past 10 Years
Min: 1.18   Med: 4.81   Max: 6.58
Current: 5.49

During the past 5 years, the highest Dividend Yield of Topaz Energy was 6.58%. The lowest was 1.18%. And the median was 4.81%.

TSX:TPZ's Dividend Yield % is ranked better than
63.64% of 495 companies
in the Oil & Gas industry
Industry Median: 4.01 vs TSX:TPZ: 5.49

Topaz Energy's Dividend Payout Ratio for the three months ended in Mar. 2024 was 4.44.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Topaz Energy Corp is 4.38, which seems too high.

During the past 5 years, the highest Dividend Payout Ratio of Topaz Energy was 4.57. The lowest was 1.57. And the median was 3.30.

As of today (2024-05-08), the Forward Dividend Yield % of Topaz Energy is 5.67%.

Topaz Energy's Dividends per Share for the three months ended in Mar. 2024 was C$0.32.

During the past 12 months, Topaz Energy's average Dividends Per Share Growth Rate was 8.80% per year.

The growth rate is calculated with least square regression.

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


Topaz Energy Dividend Yield % Historical Data

The historical data trend for Topaz Energy's Dividend Yield % 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.

Topaz Energy Dividend Yield % Chart

Topaz Energy Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
- - 4.76 5.23 6.30

Topaz Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.97 5.72 5.65 6.30 5.56

Competitive Comparison of Topaz Energy's Dividend Yield %

For the Oil & Gas Midstream subindustry, Topaz Energy's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.


Topaz Energy's Dividend Yield % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Topaz Energy's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Topaz Energy's Dividend Yield % falls into.



Topaz Energy Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Topaz Energy Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.3200002024-03-142024-03-152024-03-28Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.3100002023-12-142023-12-152023-12-29Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.3100002023-09-142023-09-152023-09-29Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.3000002023-06-142023-06-152023-06-30Cash DividendquarterlyCAD:CAD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Topaz Energy's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.24/22.59
=5.49 %

Current Share Price is C$22.59.
Topaz Energy's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$1.24.

Topaz Energy's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.28/22.59
=5.67 %

Current Share Price is C$22.59.
Topaz Energy's Dividends per Share for the forward twelve months is calculated as C$0.32 * 4 = C$1.28.

* 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.


Topaz Energy  (TSX:TPZ) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Topaz Energy Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Topaz Energy's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Topaz Energy (TSX:TPZ) Business Description

Traded in Other Exchanges
Address
250 - 6th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 3H7
Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. It generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.