Ghana Oil Co (XGHA:GOIL) 3-Year Dividend Growth Rate : 3.80% (As of Dec. 2022)

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What is Ghana Oil Co 3-Year Dividend Growth Rate?

Ghana Oil Co's Dividends per Share for the six months ended in Dec. 2022 was GHS0.05.

The historical rank and industry rank for Ghana Oil Co's 3-Year Dividend Growth Rate or its related term are showing as below:

XGHA:GOIL' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 3.8 Med: 17.1 Max: 18.9
Current: 3.8

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Ghana Oil Co was 18.90% per year. The lowest was 3.80% per year. And the median was 17.10% per year.

XGHA:GOIL's 3-Year Dividend Growth Rate is ranked worse than
71.1% of 308 companies
in the Oil & Gas industry
Industry Median: 14.5 vs XGHA:GOIL: 3.80

During the past 12 months, Ghana Oil Co's average Dividends Per Share Growth Rate was 4.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Ghana Oil Co's Dividend Payout Ratio for the six months ended in Dec. 2022 was 0.15. As of today, Ghana Oil Co's Dividend Yield % is 3.73%.

Good Sign:

Ghana Oil Co Ltd stock dividend yield is close to 10-year high.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison of Ghana Oil Co's 3-Year Dividend Growth Rate

For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ghana Oil Co's 3-Year Dividend Growth Rate Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ghana Oil Co's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Ghana Oil Co's 3-Year Dividend Growth Rate falls into.

Ghana Oil Co 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Ghana Oil Co (XGHA:GOIL) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Ghana Oil Co's Dividend Payout Ratio for the quarter that ended in Dec. 2022 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2022 )	/	EPS without NRI (Q: Dec. 2022 )
	=	0.047	/	0.316
	=	0.15

During the past 13 years, the highest Dividend Payout Ratio of Ghana Oil Co was 0.18. The lowest was 0.13. And the median was 0.15.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Ghana Oil Co Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
GHS 0.056000	2023-06-19	2023-06-21	2023-08-07	Cash Dividend	annually	GHS:GHS 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Ghana Oil Co's Dividend Yield (%) for Today is calculated as

Dividend Yield %	=	Most Recent Full Year Dividend	/	Current Share Price
	=	0.056	/	1.50
	=	3.73 %

Current Share Price is GHS1.50.
Ghana Oil Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is GHS0.056.

During the past 13 years, the highest Dividend Yield of Ghana Oil Co was 3.73%. The lowest was 0.48%. And the median was 2.47%.

Good Sign:

Ghana Oil Co Ltd stock dividend yield is close to 10-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ghana Oil Co 3-Year Dividend Growth Rate Related Terms>

Ghana Oil Co (XGHA:GOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » 3-Year Dividend Growth Rate

Comparable Companies

Traded in Other Exchanges

N/A

Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.

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