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Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in central Alberta. As of December 31, 2021, the company held 85.7% working interest in 36,208 acres of land at Leduc-Woodbend Rex Pool property; a 52.4% working interest in 1,920 acres of land in the Leduc-Woodbend Glauconitic D Unit No.1 property; and a 87.5% working interest in 7,175 acres of land in the Entice area. It also operated 30 producing and 35 non-producing oil wells. The company was formerly known as Altura Energy Inc. and changed its name to Tenaz Energy Corp. in October 2021. Tenaz Energy Corp. is headquartered in Calgary, Canada.

Tenaz Energy Dividend Announcement

• Tenaz Energy does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Tenaz Energy dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Tenaz Energy Dividend History

Tenaz Energy Dividend Yield

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

Tenaz Energy Financial Ratios

P/E ratio8.53
PEG ratio0.06
P/B ratio2.19
ROE26.34%
Payout ratio0.00%
Current ratio2.44
Quick ratio2.44
Cash Ratio2.18

Tenaz Energy Dividend FAQ

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