Granite Ridge Resources's most recent quarterly cash dividend of $0.11 per share was issued to shareholders on record before May 31, 2024. At an annualized rate of $0.44 per share, the stock yields 6.5%.
GRNT has a dividend yield of 6.5% which is above the Energy sector and the industry average. Compared to its Energy sector average of 3.75%, Granite Ridge Resources's dividend yield is 73% higher.
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.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
May 31, 2024 | Jun 14, 2024 | May 15, 2024 | $0.11 | normal |
Feb 29, 2024 | Mar 15, 2024 | Feb 15, 2024 | $0.11 | normal |
Nov 30, 2023 | Dec 15, 2023 | Nov 17, 2023 | $0.11 | normal |
Aug 31, 2023 | Sep 15, 2023 | Aug 22, 2023 | $0.11 | normal |
May 31, 2023 | Jun 15, 2023 | May 22, 2023 | $0.11 | normal |
Feb 28, 2023 | Mar 15, 2023 | Feb 21, 2023 | $0.11 | normal |
Nov 30, 2022 | Dec 15, 2022 | Nov 14, 2022 | $0.08 | normal |
GRNT has a payout ratio of 97.8% which is higher than the Energy sector and the industry average. In comparison with the Energy sector average of 49.5%, Granite Ridge Resources's payout ratio is 98% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
GRNT Granite Ridge Resources Inc | 6.5% | $0.44 | 97.8% |
PR Permian Resources Corp | 2.74% | $0.42 | 32.6% |
Yes, Granite Ridge Resources has been paying dividends for the last two years.
GRNT hasn't announced its next dividend date yet, but if we take into consideration its recent dividend schedule, it is likely that its next dividend will be in August 2024.
Granite Ridge Resources's last regular dividend was on May 31, 2024 (ex-date) with the amount of $0.11 per share.
GRNT's annualized dividend per share is $0.44.
Granite Ridge Resources's current dividend yield is 6.5%.
Granite Ridge Resources pays four dividends per year.
The dividend payout ratio of Granite Ridge Resources is 97.8%.
Granite Ridge Resources's dividend yield is above the Energy sector average.