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%.
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.
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%.
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% |
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.
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% |
Yes, Granite Ridge Resources has been paying dividends for the last two years.
Granite Ridge Resources's last regular dividend was on Aug 30, 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 7.38%.
Granite Ridge Resources pays four dividends per year.
The dividend payout ratio of Granite Ridge Resources is 104.8%.
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.