Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands. It is also involved in the natural gas processing and water management infrastructure activities. The company was formerly known as Exshaw Oil Corp. and changed its name to Topaz Energy Corp. in November 2019. Topaz Energy Corp. was incorporated in 2006 and is headquartered in Calgary, Canada.
Topaz Energy Dividend Announcement
• Topaz Energy announced a quarterly dividend of $0.23 per ordinary share which will be made payable on 2024-12-31. Ex dividend date: 2024-12-13
• Topaz Energy annual dividend for 2024 was $0.95
• Topaz Energy annual dividend for 2023 was $0.90
• Topaz Energy's trailing twelve-month (TTM) dividend yield is 4.87%
• Topaz Energy's payout ratio for the trailing twelve months (TTM) is 300.99%
Topaz Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.23 | quarterly | 2024-12-31 |
2024-09-13 | $0.24 | quarterly | 2024-09-27 |
2024-06-14 | $0.23 | quarterly | 2024-06-28 |
2024-03-14 | $0.24 | quarterly | 2024-03-28 |
2023-12-14 | $0.23 | quarterly | 2023-12-29 |
2023-09-14 | $0.23 | quarterly | 2023-09-29 |
2023-06-14 | $0.23 | quarterly | 2023-06-30 |
2023-03-14 | $0.22 | quarterly | 2023-03-31 |
2022-12-14 | $0.22 | quarterly | 2022-12-30 |
2022-09-14 | $0.21 | quarterly | 2022-09-29 |
2022-06-14 | $0.20 | quarterly | 2022-06-30 |
2022-03-14 | $0.26 | quarterly | 2022-03-31 |
2021-12-14 | $0.19 | quarterly | 2021-12-31 |
2021-09-14 | $0.17 | quarterly | 2021-09-30 |
2021-06-14 | $0.16 | quarterly | 2021-06-30 |
2021-03-12 | $0.16 | quarterly | 2021-03-31 |
2020-12-14 | $0.16 | quarterly | 2020-12-31 |
Topaz Energy Dividend per year
Topaz Energy Dividend growth
Topaz Energy Dividend Yield
Topaz Energy current trailing twelve-month (TTM) dividend yield is 4.87%. Interested in purchasing Topaz Energy stock? Use our calculator to estimate your expected dividend yield:
Topaz Energy Financial Ratios
Topaz Energy Dividend FAQ
Other factors to consider when evaluating Topaz Energy 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: Topaz Energy'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, Topaz Energy 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, Topaz Energy 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 Topaz Energy 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: Topaz Energy 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, Topaz Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Topaz Energy 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 Topaz Energy'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 Topaz Energy'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.