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PrairieSky Royalty (TSX:PSK) 3-Year Dividend Growth Rate : 36.80% (As of Mar. 2024)


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What is PrairieSky Royalty 3-Year Dividend Growth Rate?

PrairieSky Royalty's Dividends per Share for the three months ended in Mar. 2024 was C$0.25.

The historical rank and industry rank for PrairieSky Royalty's 3-Year Dividend Growth Rate or its related term are showing as below:

TSX:PSK' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -26.3   Med: -12.1   Max: 36.8
Current: 36.8

During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of PrairieSky Royalty was 36.80% per year. The lowest was -26.30% per year. And the median was -12.10% per year.

TSX:PSK's 3-Year Dividend Growth Rate is ranked better than
74.27% of 307 companies
in the Oil & Gas industry
Industry Median: 14.5 vs TSX:PSK: 36.80

During the past 12 months, PrairieSky Royalty's average Dividends Per Share Growth Rate was 34.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 36.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

PrairieSky Royalty's Dividend Payout Ratio for the three months ended in Mar. 2024 was 1.25. As of today, PrairieSky Royalty's Dividend Yield % is 3.72%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of PrairieSky Royalty Ltd is 1.07, which seems too high.

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


Competitive Comparison of PrairieSky Royalty's 3-Year Dividend Growth Rate

For the Oil & Gas E&P subindustry, PrairieSky Royalty's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.


PrairieSky Royalty's 3-Year Dividend Growth Rate Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PrairieSky Royalty's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where PrairieSky Royalty's 3-Year Dividend Growth Rate falls into.



PrairieSky Royalty 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


PrairieSky Royalty  (TSX:PSK) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

PrairieSky Royalty's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.25/ 0.2
=1.25

During the past 11 years, the highest Dividend Payout Ratio of PrairieSky Royalty was 9.08. The lowest was 0.45. And the median was 1.63.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of PrairieSky Royalty Ltd is 1.07, which seems too high.

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

PrairieSky Royalty Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.2500002024-03-272024-03-282024-04-15Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.2400002023-12-282023-12-292024-01-15Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.2400002023-09-282023-09-292023-10-16Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.2400002023-06-292023-06-302023-07-17Cash 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.

PrairieSky Royalty's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.97/25.94
=3.74 %

Current Share Price is C$25.94.
PrairieSky Royalty's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$0.97.

During the past 11 years, the highest Dividend Yield of PrairieSky Royalty was 11.42%. The lowest was 1.56%. And the median was 3.27%.

* 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.


PrairieSky Royalty 3-Year Dividend Growth Rate Related Terms>


PrairieSky Royalty (TSX:PSK) Business Description

Industry
Traded in Other Exchanges
Address
350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9
PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.
Executives
Leanne M. Bellegarde Director

PrairieSky Royalty (TSX:PSK) Headlines

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