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Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a thermal oil recovery process to recover bitumen. The company is headquartered in Calgary, Canada.

Greenfire Resources Dividend Announcement

• Greenfire Resources does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Greenfire Resources dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Greenfire Resources Dividend History

Greenfire Resources Dividend Yield

Greenfire Resources current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Greenfire Resources stock? Use our calculator to estimate your expected dividend yield:

Greenfire Resources Financial Ratios

P/E ratio-4.66
PEG ratio-0.15
P/B ratio1.09
ROE-23.38%
Payout ratio-37.23%
Current ratio0.77
Quick ratio0.72
Cash Ratio0.61

Greenfire Resources Dividend FAQ

Does Greenfire Resources stock pay dividends?
Greenfire Resources does not currently pay dividends to its shareholders.
Has Greenfire Resources ever paid a dividend?
No, Greenfire Resources has no a history of paying dividends to its shareholders. Greenfire Resources is not known for its dividend payments.
Why doesn't Greenfire Resources pay dividends?
There are several potential reasons why Greenfire Resources would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Greenfire Resources ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Greenfire Resources has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Greenfire Resources a dividend aristocrat?
Greenfire Resources is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Greenfire Resources a dividend king?
Greenfire Resources is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Greenfire Resources a dividend stock?
No, Greenfire Resources is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Greenfire Resources stocks?
To buy Greenfire Resources you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Greenfire Resources stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.