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GRNT Granite Ridge Resources dividend history, payout ratio & dates

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 6.98%.

Key dates

  • GRNT last dividend date: May 31, 2024
  • GRNT next dividend date: Not announced
GRNT dividend stats
DPS
$0.44
Dividend yield
7.19%
Payout ratio
97.8%
vs. Energy sector
Dividend yield
3.9%
Payout ratio
49.8%

Dividend yield

What is Granite Ridge Resources current dividend yield

GRNT has a dividend yield of 6.98% which is above the Energy sector and the industry average. Compared to its Energy sector average of 3.9%, Granite Ridge Resources's dividend yield is 79% higher.

Dividend history

What is GRNT dividend payout history and dates

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.

Recent dividends

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

Granite Ridge Resources dividend payout ratio

What is Granite Ridge Resources dividend payout ratio compared to the sector

Payout ratio

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 49.8%, Granite Ridge Resources's payout ratio is 96% higher.

Total amount of dividends paid per financial year (from cash flow)

GRNT dividend vs peer dividends

How does GRNT dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
GRNT Granite Ridge Resources Inc 7.19% $0.44 97.8%
PR Permian Resources Corp 2.77% $0.42 32.6%

Frequently asked questions

Does Granite Ridge Resources pay a dividend?

Yes, Granite Ridge Resources has been paying dividends for the last two years.

When is Granite Ridge Resources's next dividend?

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.

When was GRNT's last dividend?

Granite Ridge Resources's last regular dividend was on May 31, 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 6.98%.

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 97.8%.

Does Granite Ridge Resources pay a good dividend?

Granite Ridge Resources's dividend yield is above the Energy sector average.