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Spartan Delta Corp. engages in the exploration, development, and production of petroleum and natural gas properties in the Western Canada. It also owns and operates oil and gas properties in Alberta, Saskatchewan, and British Columbia. As of December 31, 2021, company owned total proved plus probable reserves of 545,734 thousand barrels of oil equivalent. The company was formerly known as Return Energy Inc. and changed its name to Spartan Delta Corp. in May 2020. Spartan Delta Corp. was incorporated in 2006 and is headquartered in Calgary, Canada.

Spartan Delta Dividend Announcement

• Spartan Delta announced a semi annually dividend of $0.08 per ordinary share which will be made payable on 2023-07-31. Ex dividend date: 2023-07-13
• Spartan Delta annual dividend for 2023 was $0.15
• Spartan Delta's trailing twelve-month (TTM) dividend yield is -%
• Spartan Delta's payout ratio for the trailing twelve months (TTM) is 1047.82%

Spartan Delta Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-07-13$0.08semi annually2023-07-31
2023-06-29$0.08semi annually2023-07-06
2022-12-14$0.37semi annually2023-01-16

Spartan Delta Dividend per year

Spartan Delta Dividend Yield

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

Spartan Delta Financial Ratios

P/E ratio4.15
PEG ratio0.01
P/B ratio1.31
ROE35.21%
Payout ratio1047.82%
Current ratio0.93
Quick ratio0.93
Cash Ratio0.66

Spartan Delta Dividend FAQ

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