Civitas Resources, Inc., an exploration and production company, focuses on the acquisition, development, and production of oil and natural gas in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. As of December 31,2021, it had proved reserves 397.7 MMBoe comprising 143.6 MMbbls of crude oil, 106.0 MMbbls of natural gas liquids, and 888.5 Bcf of natural gas. The company was formerly known as Bonanza Creek Energy, Inc. Civitas Resources, Inc. was founded in 1999 and is based in Denver, Colorado.
Civitas Resources Dividend Announcement
• Civitas Resources announced a quarterly dividend of $0.50 per ordinary share which will be made payable on 2024-12-27. Ex dividend date: 2024-12-13
• Civitas Resources annual dividend for 2024 was $4.97
• Civitas Resources annual dividend for 2023 was $7.60
• Civitas Resources's trailing twelve-month (TTM) dividend yield is 11.67%
• Civitas Resources's payout ratio for the trailing twelve months (TTM) is 60.12%
Civitas Resources Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.50 | quarterly | 2024-12-27 |
2024-09-12 | $1.52 | quarterly | 2024-12-27 |
2024-06-12 | $1.50 | quarterly | 2024-06-26 |
2024-03-14 | $1.45 | quarterly | 2024-03-28 |
2023-12-14 | $1.59 | quarterly | 2023-12-29 |
2023-09-14 | $1.74 | quarterly | 2023-09-29 |
2023-06-14 | $2.12 | quarterly | 2023-06-29 |
2023-03-14 | $2.15 | quarterly | 2023-03-30 |
2022-12-14 | $1.95 | quarterly | 2022-12-30 |
2022-09-14 | $1.76 | quarterly | 2022-09-29 |
2022-06-14 | $1.36 | quarterly | 2022-06-29 |
2022-03-17 | $1.21 | quarterly | 2022-03-30 |
2021-12-14 | $0.46 | quarterly | 2021-12-30 |
2021-09-14 | $0.35 | quarterly | 2021-09-30 |
2021-06-14 | $0.35 | quarterly | 2021-06-30 |
Civitas Resources Dividend per year
Civitas Resources Dividend growth
Civitas Resources Dividend Yield
Civitas Resources current trailing twelve-month (TTM) dividend yield is 11.67%. Interested in purchasing Civitas Resources stock? Use our calculator to estimate your expected dividend yield:
Civitas Resources Financial Ratios
Civitas Resources Dividend FAQ
Other factors to consider when evaluating Civitas Resources as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Civitas Resources's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Civitas Resources publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Civitas Resources distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Civitas Resources are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Civitas Resources sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Civitas Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Civitas Resources declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Civitas Resources's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Civitas Resources's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.