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Tethys Petroleum Limited acquires, explores for, and develops crude oil and natural gas fields in Kazakhstan. It holds 100% working interest in the Kyzyloi production contract covering 449 square kilometers; Akkulka exploration licence and contract covering 827 square kilometers; Akkulka production contract covering 396 square kilometers; and Kul-Bas exploration and production contract covering 7,632 square kilometers located in Kazakhstan. The company was formerly known as Tethys Petroleum Investments Limited and changed its name to Tethys Petroleum Limited in September 2006. Tethys Petroleum Limited was incorporated in 2003 and is based in Grand Cayman, the Cayman Islands.

Tethys Petroleum Dividend Announcement

• Tethys Petroleum announced a annually dividend of C$0.03 per ordinary share which will be made payable on 2023-02-09. Ex dividend date: 2023-01-25
• Tethys Petroleum's trailing twelve-month (TTM) dividend yield is -%
• Tethys Petroleum's payout ratio for the trailing twelve months (TTM) is 0.03%

Tethys Petroleum Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-01-25C$0.03annually2023-02-09

Tethys Petroleum Dividend per year

Tethys Petroleum Dividend Yield

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

Tethys Petroleum Financial Ratios

P/E ratio19.85
PEG ratio1.35
P/B ratio1.48
ROE7.45%
Payout ratio0.03%
Current ratio0.89
Quick ratio0.83
Cash Ratio0.26

Tethys Petroleum Dividend FAQ

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