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MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.

MEG Energy Dividend Announcement

• MEG Energy announced a semi annually dividend of $0.07 per ordinary share which will be made payable on 2025-01-15. Ex dividend date: 2024-12-16
• MEG Energy annual dividend for 2024 was $0.14
• MEG Energy's trailing twelve-month (TTM) dividend yield is 0.31%

MEG Energy Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-12-16$0.07semi annually2025-01-15
2024-09-17$0.07semi annually2024-10-15

MEG Energy Dividend per year

MEG Energy Dividend Yield

MEG Energy current trailing twelve-month (TTM) dividend yield is 0.31%. Interested in purchasing MEG Energy stock? Use our calculator to estimate your expected dividend yield:

MEG Energy Financial Ratios

P/E ratio12.66
PEG ratio0.74
P/B ratio1.38
ROE11.06%
Payout ratio0.00%
Current ratio1.55
Quick ratio1.01
Cash Ratio0.30

MEG Energy Dividend FAQ

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