GRNT Granite Ridge Resources dividend history, payout ratio & dates
Granite Ridge Resources's most recent cash dividend of $0.11 per share was issued to shareholders on record before Aug 30, 2024. At an annualized rate of $0.44 per share, the stock yields 7.38%.
Key dates
- GRNT last dividend date: Aug 30, 2024
GRNT dividend stats
vs. Energy sector
Dividend yield
GRNT has a dividend yield of 7.38% which is above the Energy sector and the industry average. Compared to its Energy sector average of 4.55%, Granite Ridge Resources's dividend yield is 62% higher.
Dividend history
Granite Ridge Resources has been paying dividends for the last two years. According to our data GRNT has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 7% for the last twelve months. And since the stock price has gone down by 20% from a year ago, the dividend yield has increased by 35%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Aug 30, 2024 | $0.11 | 6.93% |
| May 31, 2024 | $0.11 | 6.72% |
| Feb 29, 2024 | $0.11 | 7.15% |
| Nov 30, 2023 | $0.11 | 7.45% |
| Aug 31, 2023 | $0.11 | 5.54% |
| May 31, 2023 | $0.11 | 5.26% |
| Feb 28, 2023 | $0.11 | 3.59% |
| Nov 30, 2022 | $0.08 | 0.88% |
Granite Ridge Resources dividend payout ratio
Payout ratio
GRNT has a payout ratio of 104.8% which is higher than the Energy sector and the industry average. In comparison with the Energy sector average of 49.6%, Granite Ridge Resources's payout ratio is 111% higher.
Total amount of dividends paid per financial year (from cash flow)
GRNT dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| GRNT Granite Ridge Resources Inc | 7.38% | $0.44 | 104.8% |
| PR Permian Resources Corp | 4.23% | $0.56 | 38.9% |
Frequently asked questions
Does Granite Ridge Resources pay a dividend?
Yes, Granite Ridge Resources has been paying dividends for the last two years.
When was GRNT's last dividend?
Granite Ridge Resources's last regular dividend was on Aug 30, 2024 (ex-date) with the amount of $0.11 per share.
How much dividend does Granite Ridge Resources pay (per share)?
GRNT's annualized dividend per share is $0.44.
What is Granite Ridge Resources's dividend yield?
Granite Ridge Resources's current dividend yield is 7.38%.
How often does Granite Ridge Resources pay dividends?
Granite Ridge Resources pays four dividends per year.
What is Granite Ridge Resources's dividend payout ratio?
The dividend payout ratio of Granite Ridge Resources is 104.8%.
Does Granite Ridge Resources pay a good dividend?
Granite Ridge Resources's dividend yield is above the Energy sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.