PrairieSky Royalty (TSX:PSK) Dividend Payout Ratio : 1.25 (As of Mar. 2024)

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What is PrairieSky Royalty Dividend Payout Ratio?

PrairieSky Royalty's dividend payout ratio for the months ended in Mar. 2024 was 1.25.

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.

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

TSX:PSK' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.45 Med: 1.63 Max: 9.08
Current: 1.07

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.

TSX:PSK's Dividend Payout Ratio is ranked worse than
82.64% of 455 companies
in the Oil & Gas industry
Industry Median: 0.45 vs TSX:PSK: 1.07

As of today (2024-05-15), the Dividend Yield % of PrairieSky Royalty is 3.72%.

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

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

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.

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.

The growth rate is calculated with least square regression.

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

PrairieSky Royalty Dividend Payout Ratio Historical Data

The historical data trend for PrairieSky Royalty'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.

PrairieSky Royalty Dividend Payout Ratio Chart

PrairieSky Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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1.63

2.68

0.56

0.45

1.01

PrairieSky Royalty Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															1.00	1.20	1.04	0.86	1.25

Competitive Comparison of PrairieSky Royalty's Dividend Payout Ratio

For the Oil & Gas E&P subindustry, PrairieSky Royalty'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.

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

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

* The bar in red indicates where PrairieSky Royalty's Dividend Payout Ratio falls into.

PrairieSky Royalty Dividend Payout Ratio Calculation

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

PrairieSky Royalty'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 )
	=	0.96	/	0.95
	=	1.01

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

PrairieSky Royalty (TSX:PSK) 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.

PrairieSky Royalty Dividend Payout Ratio Related Terms

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

PrairieSky Royalty (TSX:PSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrairieSky Royalty Ltd (TSX:PSK) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

PREKF:USA 7PS:Germany

Address

350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9

Website

https://www.prairiesky.com

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