Coterra Energy Inc., an independent oil and gas company, engages in the development, exploration and production of oil, natural gas, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. The company also holds Permian Basin properties with approximately 306,000 net acres; and Anadarko Basin properties located in Oklahoma with approximately 182,000 net acres. In addition, it operates natural gas and saltwater disposal gathering systems in Texas. The company sells its natural gas to industrial customers, local distribution companies, oil and gas marketers, major energy companies, pipeline companies, and power generation facilities. As of December 31, 2021, it had proved reserves of approximately 2,892,582 thousand barrels of oil equivalent, which include 189,429 thousand barrels of oil and other liquid hydrocarbons, 14,895 billion cubic feet of natural gas, and 220,615 thousand barrels of natural gas liquids. The company was incorporated in 1989 and is headquartered in Houston, Texas.
Coterra Energy Dividend Announcement
• Coterra Energy announced a quarterly dividend of $0.21 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-14
• Coterra Energy annual dividend for 2024 was $0.84
• Coterra Energy annual dividend for 2023 was $1.17
• Coterra Energy's trailing twelve-month (TTM) dividend yield is 3.38%
• Coterra Energy's payout ratio for the trailing twelve months (TTM) is 50.08%
• Coterra Energy's dividend growth over the last five years (2018-2023) was 36.16% year
• Coterra Energy's dividend growth over the last ten years (2013-2023) was 27.88% year
Coterra Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | $0.21 | quarterly | 2024-11-27 |
2024-08-15 | $0.21 | quarterly | 2024-08-29 |
2024-05-15 | $0.21 | quarterly | 2024-05-30 |
2024-03-13 | $0.21 | quarterly | 2024-03-28 |
2023-11-15 | $0.20 | quarterly | 2023-11-30 |
2023-08-16 | $0.20 | quarterly | 2023-08-31 |
2023-05-25 | $0.20 | quarterly | 2023-06-09 |
2023-03-15 | $0.57 | quarterly | 2023-03-30 |
2022-11-15 | $0.68 | quarterly | 2022-11-30 |
2022-08-12 | $0.65 | quarterly | 2022-08-25 |
2022-05-12 | $0.60 | quarterly | 2022-05-25 |
2022-03-04 | $0.56 | quarterly | 2022-03-17 |
2021-11-12 | $0.30 | quarterly | 2021-11-24 |
2021-10-13 | $0.50 | quarterly | 2021-10-22 |
2021-08-11 | $0.11 | quarterly | 2021-08-26 |
2021-05-12 | $0.11 | quarterly | 2021-05-27 |
2021-01-20 | $0.10 | quarterly | 2021-02-04 |
2020-11-10 | $0.10 | quarterly | 2020-11-23 |
2020-08-12 | $0.10 | quarterly | 2020-08-27 |
2020-05-13 | $0.10 | quarterly | 2020-05-28 |
2020-01-23 | $0.10 | quarterly | 2020-02-07 |
2019-11-05 | $0.10 | quarterly | 2019-11-15 |
2019-08-07 | $0.09 | quarterly | 2019-08-22 |
2019-05-14 | $0.09 | quarterly | 2019-05-29 |
2019-01-23 | $0.07 | quarterly | 2019-02-07 |
2018-11-06 | $0.07 | quarterly | 2018-11-16 |
2018-08-08 | $0.06 | quarterly | 2018-08-23 |
2018-05-15 | $0.06 | quarterly | 2018-05-30 |
2018-01-23 | $0.06 | quarterly | 2018-02-07 |
2017-11-07 | $0.05 | quarterly | 2017-11-17 |
2017-08-08 | $0.05 | quarterly | 2017-08-24 |
2017-05-15 | $0.05 | quarterly | 2017-05-31 |
2017-01-24 | $0.02 | quarterly | 2017-02-09 |
2016-11-08 | $0.02 | quarterly | 2016-11-18 |
2016-08-08 | $0.02 | quarterly | 2016-08-24 |
2016-05-12 | $0.02 | quarterly | 2016-05-31 |
2016-01-27 | $0.02 | quarterly | 2016-02-12 |
2015-11-02 | $0.02 | quarterly | 2015-11-18 |
2015-08-03 | $0.02 | quarterly | 2015-08-19 |
2015-05-05 | $0.02 | quarterly | 2015-05-21 |
2015-01-28 | $0.02 | quarterly | 2015-02-13 |
2014-11-04 | $0.02 | quarterly | 2014-11-18 |
2014-08-01 | $0.02 | quarterly | 2014-08-14 |
2014-05-13 | $0.02 | quarterly | 2014-05-28 |
2014-01-29 | $0.02 | quarterly | 2014-02-14 |
2013-11-05 | $0.02 | quarterly | 2013-11-19 |
2013-08-02 | $0.04 | quarterly | 2013-08-23 |
2013-05-14 | $0.02 | quarterly | 2013-05-24 |
2013-01-28 | $0.02 | quarterly | 2013-02-13 |
Coterra Energy Dividend per year
Coterra Energy Dividend growth
Coterra Energy Dividend Yield
Coterra Energy current trailing twelve-month (TTM) dividend yield is 3.38%. Interested in purchasing Coterra Energy stock? Use our calculator to estimate your expected dividend yield:
Coterra Energy Financial Ratios
Coterra Energy Dividend FAQ
Other factors to consider when evaluating Coterra Energy 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: Coterra Energy'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, Coterra Energy 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, Coterra Energy 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 Coterra Energy 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: Coterra Energy 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, Coterra Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Coterra Energy 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 Coterra Energy'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 Coterra Energy'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.