Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. The company focuses on risk-managed exploration. It primarily explores for natural gas, natural gas liquids, and crude oil and condensate. In addition, the company primarily holds an average 51% working interest in the Ferrier/Strachan area comprise 43,159 net acres, which include 29,219 net acres of undeveloped and 13,940 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta. Further, it holds an average of 64% working interest in the Thorsby/Pembina area consisting of 69,042 net acres of land covering 22,135 net acres of undeveloped land and 46,907 net acres of developed land located in the southwest of Edmonton, Alberta; and an average of 50% working interest in the Foothills area that consists of 30,748 net acres of undeveloped land and 6,687 net acres of developed land located northwest of Rocky Mountain House, Alberta. Petrus Resources Ltd. was incorporated in 2015 and is headquartered in Calgary, Canada.
Petrus Resources Dividend Announcement
• Petrus Resources announced a monthly dividend of $0.01 per ordinary share which will be made payable on 2024-11-29. Ex dividend date: 2024-11-15
• Petrus Resources annual dividend for 2024 was $0.08
• Petrus Resources annual dividend for 2023 was $0.02
• Petrus Resources's trailing twelve-month (TTM) dividend yield is 7.81%
• Petrus Resources's payout ratio for the trailing twelve months (TTM) is 35.11%
Petrus Resources Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-15 | $0.01 | monthly | 2024-11-29 |
| 2024-10-15 | $0.01 | monthly | 2024-10-31 |
| 2024-09-17 | $0.01 | monthly | 2024-09-30 |
| 2024-08-16 | $0.01 | monthly | 2024-08-30 |
| 2024-07-17 | $0.01 | monthly | 2024-07-31 |
| 2024-06-17 | $0.01 | monthly | 2024-06-28 |
| 2024-05-14 | $0.01 | monthly | 2024-05-31 |
| 2024-04-12 | $0.01 | monthly | 2024-04-30 |
| 2024-03-14 | $0.01 | monthly | 2024-03-28 |
| 2024-02-15 | $0.01 | monthly | 2024-02-29 |
| 2024-01-16 | $0.01 | monthly | 2024-01-31 |
| 2023-10-25 | $0.02 | monthly | 2023-11-09 |
Petrus Resources Dividend per year
Petrus Resources Dividend Yield
Petrus Resources current trailing twelve-month (TTM) dividend yield is 7.81%. Interested in purchasing Petrus Resources stock? Use our calculator to estimate your expected dividend yield:
Petrus Resources Financial Ratios
Petrus Resources Dividend FAQ
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.
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