Source Rock Royalties Ltd. acquires and manages oil and gas royalties and mineral title interests. The company has a light oil focused portfolio of royalty interests concentrated in S.E. Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan. Source Rock Royalties Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.
Source Rock Royalties Dividend Announcement
• Source Rock Royalties announced a monthly dividend of C$0.01 per ordinary share which will be made payable on 2024-12-13. Ex dividend date: 2024-11-29
• Source Rock Royalties annual dividend for 2024 was C$0.07
• Source Rock Royalties annual dividend for 2023 was C$0.07
• Source Rock Royalties's trailing twelve-month (TTM) dividend yield is 8.58%
• Source Rock Royalties's payout ratio for the trailing twelve months (TTM) is 193.27%
Source Rock Royalties Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-29 | C$0.01 | monthly | 2024-12-13 |
2024-10-31 | C$0.01 | monthly | 2024-11-15 |
2024-09-27 | C$0.01 | monthly | 2024-10-15 |
2024-08-30 | C$0.01 | monthly | 2024-09-13 |
2024-07-31 | C$0.01 | monthly | 2024-08-15 |
2024-06-28 | C$0.01 | monthly | 2024-07-15 |
2024-05-31 | C$0.01 | monthly | 2024-06-14 |
2024-04-29 | C$0.01 | monthly | 2024-05-15 |
2024-03-27 | C$0.01 | monthly | |
2024-02-28 | C$0.01 | monthly | |
2024-01-30 | C$0.01 | monthly | 2024-02-15 |
2023-12-28 | C$0.01 | monthly | 2024-01-15 |
2023-11-29 | C$0.01 | monthly | 2023-12-15 |
2023-10-30 | C$0.01 | monthly | 2023-11-15 |
2023-09-28 | C$0.01 | monthly | 2023-10-13 |
2023-09-13 | C$0.01 | monthly | 2023-09-15 |
2023-08-30 | C$0.01 | monthly | |
2023-07-28 | C$0.01 | monthly | 2023-08-15 |
2023-06-29 | C$0.01 | monthly | 2023-07-14 |
2023-05-30 | C$0.01 | monthly | 2023-06-15 |
2023-04-27 | C$0.01 | monthly | 2023-05-15 |
2023-03-30 | C$0.01 | monthly | 2023-04-14 |
2022-12-29 | C$0.01 | monthly | 2023-01-13 |
2022-09-28 | C$0.01 | monthly | 2022-10-14 |
2022-06-29 | C$0.01 | monthly | 2022-07-15 |
2022-03-30 | C$0.01 | monthly | 2022-04-14 |
Source Rock Royalties Dividend per year
Source Rock Royalties Dividend growth
Source Rock Royalties Dividend Yield
Source Rock Royalties current trailing twelve-month (TTM) dividend yield is 8.58%. Interested in purchasing Source Rock Royalties stock? Use our calculator to estimate your expected dividend yield:
Source Rock Royalties Financial Ratios
Source Rock Royalties Dividend FAQ
Other factors to consider when evaluating Source Rock Royalties 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: Source Rock Royalties'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, Source Rock Royalties 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, Source Rock Royalties 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 Source Rock Royalties 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: Source Rock Royalties 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, Source Rock Royalties distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Source Rock Royalties 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 Source Rock Royalties'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 Source Rock Royalties'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.