SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.
SM Energy Dividend Announcement
• SM Energy announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-11-04. Ex dividend date: 2024-10-25
• SM Energy annual dividend for 2024 was $0.74
• SM Energy annual dividend for 2023 was $0.60
• SM Energy's trailing twelve-month (TTM) dividend yield is 2.3%
• SM Energy's payout ratio for the trailing twelve months (TTM) is 9.60%
• SM Energy's dividend growth over the last five years (2018-2023) was 43.10% year
• SM Energy's dividend growth over the last ten years (2013-2023) was 19.62% year
SM Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-25 | $0.20 | quarterly | 2024-11-04 |
2024-07-19 | $0.18 | quarterly | 2024-08-05 |
2024-04-18 | $0.18 | quarterly | 2024-05-03 |
2024-01-18 | $0.18 | quarterly | 2024-02-05 |
2023-10-23 | $0.15 | quarterly | 2023-11-06 |
2023-07-20 | $0.15 | quarterly | 2023-08-07 |
2023-04-20 | $0.15 | quarterly | 2023-05-05 |
2023-01-19 | $0.15 | quarterly | 2023-02-06 |
2022-10-24 | $0.15 | quarterly | 2022-11-07 |
2022-04-21 | $0.01 | quarterly | 2022-05-06 |
2021-10-22 | $0.01 | quarterly | 2021-11-05 |
2021-04-22 | $0.01 | quarterly | 2021-05-07 |
2020-10-22 | $0.01 | quarterly | 2020-11-04 |
2020-04-23 | $0.01 | quarterly | 2020-05-08 |
2019-10-24 | $0.05 | quarterly | 2019-11-06 |
2019-04-25 | $0.05 | quarterly | 2019-05-08 |
2018-10-25 | $0.05 | quarterly | 2018-11-07 |
2018-04-26 | $0.05 | quarterly | 2018-05-09 |
2017-10-19 | $0.05 | quarterly | 2017-11-01 |
2017-04-19 | $0.05 | quarterly | 2017-05-03 |
2016-10-19 | $0.05 | quarterly | 2016-11-02 |
2016-04-20 | $0.05 | quarterly | 2016-05-04 |
2015-10-21 | $0.05 | quarterly | 2015-11-04 |
2015-04-22 | $0.05 | quarterly | 2015-05-06 |
2014-10-22 | $0.05 | quarterly | 2014-11-05 |
2014-04-23 | $0.05 | quarterly | 2014-05-07 |
2013-10-23 | $0.05 | quarterly | 2013-11-06 |
2013-04-24 | $0.05 | quarterly | 2013-05-08 |
SM Energy Dividend per year
SM Energy Dividend growth
SM Energy Dividend Yield
SM Energy current trailing twelve-month (TTM) dividend yield is 2.3%. Interested in purchasing SM Energy stock? Use our calculator to estimate your expected dividend yield:
SM Energy Financial Ratios
SM Energy Dividend FAQ
Other factors to consider when evaluating SM 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: SM 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, SM 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, SM 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 SM 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: SM 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, SM 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: SM 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 SM 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 SM 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.