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Prominence Energy Ltd engages in the exploration, development, and production of oil and gas projects in Australia and the United States. It holds a 100% working interest in Bowsprit oil project comprising 635 net acres located in the Breton sound area of Louisiana; and 12.5% interest in exploration permit WA-519-P located on the Northwest Shelf, Australia. The company was formerly known as Sun Resources NL and changed its name to Prominence Energy NL in December 2019. Prominence Energy Ltd was incorporated in 1986 and is headquartered in West Perth, Australia.

Prominence Energy Dividend Announcement

• Prominence Energy announced a annually dividend of A$0.00 per ordinary share which will be made payable on 2002-08-21. Ex dividend date: 2002-07-16
• Prominence Energy's trailing twelve-month (TTM) dividend yield is -%

Prominence Energy Dividend History

Ex-Div dateDividend amountDividend typePay date
2002-07-16A$0.00annually2002-08-21

Prominence Energy Dividend per year

Prominence Energy Dividend Yield

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

Prominence Energy Financial Ratios

P/E ratio-89.65
PEG ratio-0.90
P/B ratio0.38
ROE-0.51%
Payout ratio0.00%
Current ratio2.62
Quick ratio2.62
Cash Ratio2.24

Prominence Energy Dividend FAQ

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