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Ithaca Energy Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. The company own a portfolio of assets located in Northern and Central North Sea and Moray Firth areas. As of December 31, 2021, it had proved and probable reserves, and resources of 5.6 millions of barrels of oil equivalent. The company was incorporated in 2004 and is headquartered in Aberdeen, the United Kingdom. Ithaca Energy Limited is a subsidiary of Delek North Sea Limited.

Ithaca Energy Dividend Announcement

• Ithaca Energy announced a semi annually dividend of £9.86 per ordinary share which will be made payable on . Ex dividend date: 2024-09-05
• Ithaca Energy annual dividend for 2024 was £20.34
• Ithaca Energy annual dividend for 2023 was £21.44
• Ithaca Energy's trailing twelve-month (TTM) dividend yield is 28.37%
• Ithaca Energy's payout ratio for the trailing twelve months (TTM) is 164.80%

Ithaca Energy Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-05£9.86semi annually
2024-03-28£10.48semi annually
2023-08-31£10.47semi annually
2023-02-23£10.98semi annually

Ithaca Energy Dividend per year

Ithaca Energy Dividend Yield

Ithaca Energy current trailing twelve-month (TTM) dividend yield is 28.37%. Interested in purchasing Ithaca Energy stock? Use our calculator to estimate your expected dividend yield:

Ithaca Energy Financial Ratios

P/E ratio7.92
PEG ratio-7.07
P/B ratio0.52
ROE6.55%
Payout ratio164.80%
Current ratio0.80
Quick ratio0.67
Cash Ratio0.28

Ithaca Energy Dividend FAQ

Does Ithaca Energy stock pay dividends?
Ithaca Energy does not currently pay dividends to its shareholders.
Has Ithaca Energy ever paid a dividend?
No, Ithaca Energy has no a history of paying dividends to its shareholders. Ithaca Energy is not known for its dividend payments.
Why doesn't Ithaca Energy pay dividends?
There are several potential reasons why Ithaca Energy 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 Ithaca Energy 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 Ithaca Energy 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 Ithaca Energy a dividend aristocrat?
Ithaca Energy 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 Ithaca Energy a dividend king?
Ithaca Energy 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 Ithaca Energy a dividend stock?
No, Ithaca Energy 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 Ithaca Energy stocks?
To buy Ithaca Energy 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 Ithaca Energy 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.