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Spyglass Resources Corp., an intermediate oil and gas company, operates oil and natural gas properties in the Western Canadian Sedimentary Basin. The company's principal properties are located in Dixonville, Enchant, Retlaw, Matziwin, and Halkirk-Provost in Alberta; and Noel, British Columbia. As of December 31, 2014, it had proved plus probable reserves of 54,129 Mboe. The company was formerly known as Pace Oil & Gas Ltd. and changed its name to Spyglass Resources Corp. in March 2013, as result of its amalgamation with Charger Energy Corp. and AvenEx Energy Corp. Spyglass Resources Corp. is headquartered in Calgary, Canada. On November 26, 2015, syndicate of lenders filed an involuntary petition against Spyglass Resources Corp. in the Court of Queen's Bench of Albert. The Court approved the involuntary petition on November 26, 2015.

Spyglass Resources Dividend Announcement

• Spyglass Resources announced a monthly dividend of $0.01 per ordinary share which will be made payable on 2014-12-15. Ex dividend date: 2014-11-26
• Spyglass Resources's trailing twelve-month (TTM) dividend yield is -%
• Spyglass Resources's payout ratio for the trailing twelve months (TTM) is -17.88%

Spyglass Resources Dividend History

Ex-Div dateDividend amountDividend typePay date
2014-11-26$0.01monthly2014-12-15
2014-10-29$0.01monthly2014-11-17
2014-09-24$0.01monthly2014-10-15
2014-08-26$0.01monthly2014-09-15
2014-07-24$0.02monthly2014-08-15
2014-06-25$0.02monthly2014-07-15
2014-05-27$0.02monthly2014-06-16
2014-04-24$0.02monthly2014-05-15
2014-03-25$0.02monthly2014-04-15
2014-02-25$0.02monthly2014-03-17
2014-01-24$0.02monthly2014-02-17
2013-12-20$0.02monthly2014-01-15
2013-11-25$0.02monthly2013-12-16
2013-10-23$0.02monthly2013-11-15
2013-09-25$0.02monthly2013-10-15
2013-08-23$0.02monthly2013-09-16
2013-07-24$0.02monthly2013-08-15
2013-06-25$0.02monthly2013-07-15
2013-05-23$0.02monthly2013-06-17
2013-04-24$0.02monthly2013-05-15

Spyglass Resources Dividend per year

Spyglass Resources Dividend Yield

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

Spyglass Resources Financial Ratios

P/E ratio-0.00
PEG ratio0.00
P/B ratio0.00
ROE-41.15%
Payout ratio-17.88%
Current ratio0.97
Quick ratio0.97
Cash Ratio0.00

Spyglass Resources Dividend FAQ

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