NewMed Energy - Limited Partnership engages in the exploration, development, production, and sale of petroleum, natural gas, and condensate in Israel and Cyprus. The company holds interests in the Leviathan project, which covers an area of 500 km2 located to the west of the shores of Haifa; the Block 12 that covers an area of approximately 386 km2 located in Cyprus; and the Yam Tethys project, which covers an area of 500 km2 located to the west of the shores of Ashkelon. It also holds interests in the New Ofek license that covers an area of approximately 344 km2 located in Israel; the New Yahel license, covering an area of 397.5 km2 located in Israel; and the Tanin and Karish leases covering an area of approximately 500km2 located to the west of the shores of Nahariya. The company serves independent power producers and various industrial enterprises. NewMed Energy Management Ltd. serves as the general partner of the company. The company was formerly known as Delek Drilling - Limited Partnership and changed its name to NewMed Energy - Limited Partnership in February 2022. NewMed Energy - Limited Partnership was incorporated in 1993 and is based in Herzliya, Israel. NewMed Energy - Limited Partnership is a subsidiary of Delek Energy Systems Ltd.
NewMed Energy Dividend Announcement
• NewMed Energy announced a quarterly dividend of $0.06 per ordinary share which will be made payable on 2024-09-05. Ex dividend date: 2024-08-23
• NewMed Energy annual dividend for 2024 was $0.16
• NewMed Energy annual dividend for 2023 was $0.18
• NewMed Energy's trailing twelve-month (TTM) dividend yield is 6.77%
• NewMed Energy's payout ratio for the trailing twelve months (TTM) is 46.24%
• NewMed Energy's dividend growth over the last five years (2018-2023) was -9.14% year
NewMed Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-23 | $0.06 | quarterly | 2024-09-05 |
2024-06-03 | $0.05 | quarterly | 2024-06-20 |
2024-03-28 | $0.05 | quarterly | |
2023-11-27 | $0.04 | quarterly | 2023-12-21 |
2023-08-29 | $0.04 | quarterly | 2023-09-14 |
2023-05-22 | $0.04 | quarterly | 2023-06-15 |
2023-04-06 | $0.05 | quarterly | 2023-04-20 |
2022-12-23 | $0.04 | quarterly | 2023-01-19 |
2022-08-24 | $0.04 | quarterly | 2022-09-22 |
2022-05-27 | $0.04 | quarterly | 2022-06-16 |
2021-12-30 | $0.23 | quarterly | 2022-01-20 |
2021-12-15 | $0.09 | quarterly | 2021-12-23 |
2021-10-06 | $0.09 | quarterly | 2021-10-13 |
2020-12-31 | $0.10 | quarterly | 2021-01-20 |
2020-11-25 | $0.06 | quarterly | 2020-12-07 |
2019-12-30 | $0.10 | quarterly | 2020-01-09 |
2019-08-22 | $0.13 | quarterly | 2019-09-05 |
2018-12-28 | $0.11 | quarterly | 2019-01-14 |
2018-01-02 | $0.18 | quarterly | 2018-01-18 |
2017-06-07 | $0.15 | quarterly | 2017-06-20 |
2017-01-24 | $0.17 | quarterly | 2017-02-09 |
2017-01-03 | $0.09 | quarterly | |
2017-01-02 | $0.09 | quarterly | |
2016-04-06 | $0.05 | quarterly | |
2015-10-07 | $0.09 | quarterly | |
2014-06-26 | $0.18 | quarterly |
NewMed Energy Dividend per year
NewMed Energy Dividend growth
NewMed Energy Dividend Yield
NewMed Energy current trailing twelve-month (TTM) dividend yield is 6.77%. Interested in purchasing NewMed Energy stock? Use our calculator to estimate your expected dividend yield:
NewMed Energy Financial Ratios
NewMed Energy Dividend FAQ
Other factors to consider when evaluating NewMed 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: NewMed 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, NewMed 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, NewMed 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 NewMed 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: NewMed 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, NewMed 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: NewMed 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 NewMed 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 NewMed 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.