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Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

Tourmaline Oil Dividend Announcement

Tourmaline Oil announced a quarterly dividend of $0.26 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-13
Tourmaline Oil annual dividend for 2024 was $1.45
Tourmaline Oil annual dividend for 2023 was $4.87
Tourmaline Oil's trailing twelve-month (TTM) dividend yield is 5.01%
Tourmaline Oil's payout ratio for the trailing twelve months (TTM) is 97.36%
Tourmaline Oil's dividend growth over the last five years (2018-2023) was 87.90% year

Tourmaline Oil Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-13$0.26quarterly2024-09-27
2024-08-09$0.36quarterly2024-08-21
2024-06-14$0.24quarterly2024-06-28
2024-05-08$0.36quarterly2024-05-16
2024-03-14$0.22quarterly2024-03-28
2023-12-14$0.21quarterly2023-12-29
2023-10-23$0.73quarterly2023-11-01
2023-09-14$0.19quarterly2023-09-29
2023-08-11$0.74quarterly2023-08-22
2023-06-14$0.20quarterly2023-06-30
2023-05-10$1.12quarterly2023-05-19
2023-03-14$0.18quarterly2023-03-31
2023-01-23$1.50quarterly2023-02-01
2022-12-14$0.18quarterly2022-12-30
2022-11-08$1.67quarterly2022-11-18
2022-09-14$0.17quarterly2022-09-29
2022-08-04$1.56quarterly2022-08-12
2022-06-14$0.17quarterly2022-06-30
2022-05-11$1.15quarterly2022-05-19
2022-01-24$0.99quarterly2022-02-01
2021-12-14$0.14quarterly2021-12-31
2021-09-29$0.59quarterly2021-10-07
2021-09-14$0.13quarterly2021-09-29
2021-06-14$0.13quarterly2021-06-30
2021-03-17$0.13quarterly2021-03-31
2020-12-14$0.11quarterly2020-12-31
2020-09-14$0.09quarterly2020-09-30
2020-06-12$0.09quarterly2020-06-30
2020-03-13$0.09quarterly2020-03-31
2019-12-13$0.09quarterly2019-12-31
2019-09-13$0.09quarterly2019-09-30
2019-06-13$0.09quarterly2019-06-28
2018-09-13$0.08quarterly2018-09-28
2018-06-14$0.07quarterly2018-06-29
2018-03-13$0.06quarterly2018-03-29

Tourmaline Oil Dividend per year

Tourmaline Oil Dividend growth

Tourmaline Oil Dividend Yield

Tourmaline Oil current trailing twelve-month (TTM) dividend yield is 5.01%. Interested in purchasing Tourmaline Oil stock? Use our calculator to estimate your expected dividend yield:

Tourmaline Oil Financial Ratios

P/E ratio15.23
PEG ratio0.11
P/B ratio1.60
ROE10.71%
Payout ratio97.36%
Current ratio1.11
Quick ratio1.11
Cash Ratio0.00

Tourmaline Oil Dividend FAQ

How much is the next Tourmaline Oil dividend?
Tourmaline Oil's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Tourmaline Oil dividend. The next Tourmaline Oil dividend will be released in January, March, May, June, August, September, October, or December.
When is Tourmaline Oil dividend paid?
Tourmaline Oil pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, March, May, June, August, September, October, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Tourmaline Oil pay?
The specific amount of Tourmaline Oil dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Tourmaline Oil's dividend history.
Does Tourmaline Oil stock pay dividends?
Yes, Tourmaline Oil does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Tourmaline Oil's dividend history.
How much dividend does Tourmaline Oil pay?
Tourmaline Oil paid $1.449 in 2024, $4.866 in 2023, $5.899 in 2022, $1.127 in 2021, and $0.375 in 2020.
How often does Tourmaline Oil pay dividends?
Tourmaline Oil typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, March, May, June, August, September, October, and December.
What is Tourmaline Oil's dividend yield?
The current dividend yield for Tourmaline Oil is 5.01%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Tourmaline Oil's exact dividend yield.
When does Tourmaline Oil go ex dividend?
Tourmaline Oil's ex-dividend date for the latest dividend was on 2024-09-13. Tourmaline Oil typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Tourmaline Oil dividend paid?
Tourmaline Oil pays dividends on a quarterly basis, typically around January, March, May, June, August, September, October, or December, but the exact dates can vary each year.
Will Tourmaline Oil increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Tourmaline Oil will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Tourmaline Oil dividend per share?
Tourmaline Oil paid $1.449 per share in 2024 and $4.866 per share in 2023. The amount of dividend per share that Tourmaline Oil pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Tourmaline Oil a dividend aristocrat?
No, 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 Tourmaline Oil a dividend king?
No, 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 Tourmaline Oil a dividend stock?
Yes, Tourmaline Oil is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Tourmaline Oil a good dividend stock?
Whether Tourmaline Oil is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Tourmaline Oil has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Tourmaline Oil 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.
Does Tourmaline Oil pay dividends monthly?
Tourmaline Oil typically pays dividends on a quarterly basis.
Does Tourmaline Oil pay dividends quarterly?
Tourmaline Oil currently pays dividends on a quarterly basis.
Has Tourmaline Oil ever paid a dividend?
Yes, Tourmaline Oil has a history of paying dividends to its shareholders. Tourmaline Oil is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Tourmaline Oil dividend stocks?
To buy Tourmaline Oil 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Tourmaline Oil 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.
When does Tourmaline Oil pay dividends 2024?
Tourmaline Oil pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-27. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Tourmaline Oil increase its dividend in 2024?
Decisions regarding Tourmaline Oil dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Tourmaline Oil dividend overview you can look into the above table of dividend history.
How Tourmaline Oil dividend works?
The Tourmaline Oil dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Tourmaline Oil's dividend process works:

1. Determination of Dividend: Tourmaline Oil'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, Tourmaline Oil 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, Tourmaline Oil 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 Tourmaline Oil 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.
How are Tourmaline Oil dividends paid?
Tourmaline Oil dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Tourmaline Oil 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, Tourmaline Oil distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Tourmaline Oil 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.
How many times does Tourmaline Oil pay dividends?
Tourmaline Oil typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Tourmaline Oil pay dividends?
The general pattern is that Tourmaline Oil pays dividends around January, March, May, June, August, September, October, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Tourmaline Oil dividend safe?
The safety of Tourmaline Oil's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Tourmaline Oil'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 Tourmaline Oil'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.