TGS ASA provides geoscience data products and services to the oil and gas industry worldwide. The company offers geophysical multi-client data, including seismic data; and geophysical library, such as gravity, magnetic, seep, geothermal, controlled source electromagnetic, and multibeam data. It also provides geological services comprising digital well logs; and interpretation products and data integration solutions. In addition, the company offers imaging services, which include depth and time imaging; marine, land, and ocean bottom cables and nodes; anisotropic imaging; transition zone processing; multi component processing; shear wave; and 4D time-lapse, as well as wide azimuth data processing. Further, it provides data and analytics solutions; and PRIMA, a multifunction exploration software suite. The company was formerly known as TGS-NOPEC Geophysical Company ASA and changed its name to TGS ASA in June 2021. TGS ASA was founded in 1981 and is headquartered in Oslo, Norway.
TGS Dividend Announcement
• TGS announced a quarterly dividend of $0.14 per ordinary share which will be made payable on 2024-11-25. Ex dividend date: 2024-11-04
• TGS annual dividend for 2024 was $0.56
• TGS annual dividend for 2023 was $0.56
• TGS's trailing twelve-month (TTM) dividend yield is 7.35%
• TGS's payout ratio for the trailing twelve months (TTM) is 174.41%
• TGS's dividend growth over the last five years (2018-2023) was -6.94% year
TGS Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-04 | $0.14 | quarterly | 2024-11-25 |
2024-07-29 | $0.14 | quarterly | 2024-08-19 |
2024-05-20 | $0.14 | quarterly | |
2024-02-23 | $0.14 | quarterly | 2024-03-18 |
2023-11-03 | $0.14 | quarterly | 2023-11-27 |
2023-08-02 | $0.14 | quarterly | 2023-08-21 |
2023-05-26 | $0.14 | quarterly | 2023-06-15 |
2023-02-17 | $0.14 | quarterly | 2023-03-13 |
2022-11-04 | $0.14 | quarterly | 2022-11-28 |
2022-07-29 | $0.14 | quarterly | 2022-08-22 |
2022-05-26 | $0.14 | quarterly | 2022-06-13 |
2022-02-18 | $0.14 | quarterly | 2022-03-14 |
2021-11-10 | $0.14 | quarterly | 2021-11-29 |
2021-08-04 | $0.14 | quarterly | 2021-08-23 |
2021-05-21 | $0.14 | quarterly | 2021-06-14 |
2021-02-19 | $0.14 | quarterly | 2021-03-15 |
2020-11-06 | $0.12 | quarterly | 2020-11-30 |
2020-07-31 | $0.12 | quarterly | 2020-08-24 |
2020-05-22 | $0.13 | quarterly | 2020-06-15 |
2020-02-21 | $0.38 | quarterly | 2020-03-16 |
2019-11-08 | $0.27 | quarterly | 2019-12-02 |
2019-08-02 | $0.27 | quarterly | 2019-08-26 |
2019-05-22 | $0.27 | quarterly | 2019-06-10 |
2019-02-15 | $0.27 | quarterly | 2019-03-11 |
2018-11-09 | $0.20 | quarterly | 2018-12-03 |
2018-08-15 | $0.20 | quarterly | 2018-09-04 |
2018-05-18 | $0.20 | quarterly | 2018-06-11 |
2018-02-16 | $0.20 | quarterly | 2018-03-12 |
2017-11-03 | $0.15 | quarterly | 2017-11-27 |
2017-08-10 | $0.15 | quarterly | 2017-09-05 |
2017-05-18 | $0.15 | quarterly | 2017-06-12 |
2017-02-09 | $0.15 | quarterly | 2017-03-06 |
2016-11-03 | $0.15 | quarterly | |
2016-08-11 | $0.15 | quarterly | |
2016-05-17 | $0.15 | quarterly | |
2016-02-10 | $0.15 | quarterly | |
2015-05-06 | $1.09 | quarterly | |
2014-06-04 | $1.43 | quarterly |
TGS Dividend per year
TGS Dividend growth
TGS Dividend Yield
TGS current trailing twelve-month (TTM) dividend yield is 7.35%. Interested in purchasing TGS stock? Use our calculator to estimate your expected dividend yield:
TGS Financial Ratios
TGS Dividend FAQ
Other factors to consider when evaluating TGS 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: TGS'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, TGS 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, TGS 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 TGS 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: TGS 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, TGS distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: TGS 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 TGS'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 TGS'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.