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Trinity Exploration & Production plc, an independent oil company, engages in the exploration, development, production, and sale of crude oil in Trinidad & Tobago. The company operates a portfolio of producing, development, and exploration assets onshore and offshore in the shallow waters off the west and east coasts of Trinidad. As of December 31, 2021, its proved and probable, as well as contingent resources included 66.95 million stock tank barrels. The company was founded in 1996 and is based in Leeds, the United Kingdom.

Trinity Exploration & Production Dividend Announcement

• Trinity Exploration & Production announced a annually dividend of £0.41 per ordinary share which will be made payable on 2023-10-26. Ex dividend date: 2023-10-05
• Trinity Exploration & Production's trailing twelve-month (TTM) dividend yield is -%
• Trinity Exploration & Production's payout ratio for the trailing twelve months (TTM) is -5.28%

Trinity Exploration & Production Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-10-05£0.41annually2023-10-26

Trinity Exploration & Production Dividend per year

Trinity Exploration & Production Dividend Yield

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

Trinity Exploration & Production Financial Ratios

P/E ratio-7.50
PEG ratio-8.39
P/B ratio0.54
ROE-6.64%
Payout ratio-5.28%
Current ratio1.44
Quick ratio1.23
Cash Ratio0.55

Trinity Exploration & Production Dividend FAQ

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