TerraCom Limited engages in the exploration and extraction of coal in Australia and South Africa. The company explores for hard and soft coking, thermal, and PCI coal. Its flagship property is the Blair Athol coal mine located in Clermont, Queensland. The company also holds interests in the Northern Galilee project comprising the Hughenden and the Pentland properties covering an area of approximately 2,160 square kilometers; the Clyde Park project that covers an area of approximately 133 square kilometers located in the Galilee Basin, Queensland; and the Springsure project covering an area of approximately 1,178 square kilometers located in the Central-Western Bowen basin coal mining district, Queensland. In addition, it holds interests in the Kangala Colliery property; the New Clydesdale Colliery project; the Berenice project; the Ubuntu Colliery; the North Block Complex Colliery project; the Arnot South; the Cygnus project; and the Eloff project located in South Africa. The company was formerly known as Guildford Coal Limited and changed its name to TerraCom Limited in November 2015. TerraCom Limited was founded in 2009 and is based in Clermont, Australia.
TerraCom Dividend Announcement
• TerraCom announced a quarterly dividend of $0.01 per ordinary share which will be made payable on 2024-12-06. Ex dividend date: 2024-11-21
• TerraCom annual dividend for 2024 was $0.01
• TerraCom annual dividend for 2023 was $0.09
• TerraCom's trailing twelve-month (TTM) dividend yield is 7.85%
• TerraCom's payout ratio for the trailing twelve months (TTM) is 97.63%
TerraCom Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-21 | $0.01 | quarterly | 2024-12-06 |
2023-09-11 | $0.02 | quarterly | 2023-09-28 |
2023-06-08 | $0.02 | quarterly | 2023-06-27 |
2023-03-08 | $0.05 | quarterly | 2023-03-23 |
2022-11-24 | $0.02 | quarterly | 2022-12-09 |
2022-09-02 | $0.02 | quarterly | 2022-09-19 |
2019-10-29 | $0.01 | quarterly | 2019-11-13 |
TerraCom Dividend per year
TerraCom Dividend growth
TerraCom Dividend Yield
TerraCom current trailing twelve-month (TTM) dividend yield is 7.85%. Interested in purchasing TerraCom stock? Use our calculator to estimate your expected dividend yield:
TerraCom Financial Ratios
TerraCom Dividend FAQ
Other factors to consider when evaluating TerraCom 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: TerraCom'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, TerraCom 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, TerraCom 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 TerraCom 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: TerraCom 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, TerraCom distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: TerraCom 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 TerraCom'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 TerraCom'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.