The Reserve Petroleum Company, an independent oil and gas company, engages in the oil and natural gas exploration and development, and minerals management with areas of concentration in Texas, Oklahoma, Kansas, Arkansas, and South Dakota. As of December 31, 2021, the company had working interests in 23.9 net gas wells producing primarily gas and 33.9 net wells producing oil with interests in 8,964 net producing acres. It owns non-producing mineral interests of 88,242 net acres located in the north and south-central United States; and has interests in approximately 840 producing properties. The company was incorporated in 1931 and is based in Oklahoma City, Oklahoma.
Reserve Petroleum Dividend Announcement
• Reserve Petroleum announced a annually dividend of $10.00 per ordinary share which will be made payable on 2024-06-18. Ex dividend date: 2024-06-05
• Reserve Petroleum annual dividend for 2024 was $10.00
• Reserve Petroleum annual dividend for 2023 was $10.00
• Reserve Petroleum's trailing twelve-month (TTM) dividend yield is 6.25%
• Reserve Petroleum's payout ratio for the trailing twelve months (TTM) is 186332.29%
• Reserve Petroleum's dividend growth over the last five years (2018-2023) was 14.87% year
Reserve Petroleum Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-05 | $10.00 | annually | 2024-06-18 |
2023-06-06 | $10.00 | annually | 2023-06-20 |
2022-06-07 | $10.00 | annually | 2022-06-21 |
2021-06-08 | $5.00 | annually | 2021-06-22 |
2020-06-02 | $5.00 | annually | 2020-06-16 |
2019-06-04 | $7.00 | annually | 2019-06-18 |
2018-06-06 | $5.00 | annually | 2018-06-20 |
2016-06-06 | $5.00 | annually | |
2015-05-28 | $10.00 | annually | |
2014-05-29 | $20.00 | annually | |
2013-06-06 | $10.00 | annually | |
2012-11-21 | $10.00 | annually |
Reserve Petroleum Dividend per year
Reserve Petroleum Dividend growth
Reserve Petroleum Dividend Yield
Reserve Petroleum current trailing twelve-month (TTM) dividend yield is 6.25%. Interested in purchasing Reserve Petroleum stock? Use our calculator to estimate your expected dividend yield:
Reserve Petroleum Financial Ratios
Reserve Petroleum Dividend FAQ
Other factors to consider when evaluating Reserve Petroleum 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: Reserve Petroleum'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, Reserve Petroleum 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, Reserve Petroleum 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 Reserve Petroleum 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: Reserve Petroleum 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, Reserve Petroleum distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Reserve Petroleum 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 Reserve Petroleum'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 Reserve Petroleum'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.