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Parex Resources (Parex Resources) 3-Year Dividend Growth Rate : 0.00% (As of Dec. 2023)


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What is Parex Resources 3-Year Dividend Growth Rate?

Parex Resources's Dividends per Share for the three months ended in Dec. 2023 was $0.28.

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

PARXF's 3-Year Dividend Growth Rate is not ranked *
in the Oil & Gas industry.
Industry Median: 14.5
* Ranked among companies with meaningful 3-Year Dividend Growth Rate only.

During the past 12 months, Parex Resources's average Dividends Per Share Growth Rate was 64.20% 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.

Parex Resources's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.16. As of today, Parex Resources's Dividend Yield % is 6.31%.

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


Competitive Comparison of Parex Resources's 3-Year Dividend Growth Rate

For the Oil & Gas E&P subindustry, Parex Resources'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.


Parex Resources's 3-Year Dividend Growth Rate Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Parex Resources's 3-Year Dividend Growth Rate falls into.



Parex Resources 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.


Parex Resources  (OTCPK:PARXF) 3-Year Dividend Growth Rate Explanation

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

Parex Resources's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.283/ 1.759
=0.16

During the past 13 years, the highest Dividend Payout Ratio of Parex Resources was 0.22. The lowest was 0.08. And the median was 0.11.

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

Parex Resources Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.3752024-03-142024-03-152024-03-28Cash DividendquarterlyCAD:USD 0.738242
CAD 0.3752023-12-142023-12-152023-12-29Cash DividendquarterlyCAD:USD 0.754720
CAD 0.3752023-09-142023-09-152023-09-29Cash DividendquarterlyCAD:USD 0.735808
CAD 0.3752023-06-142023-06-152023-06-30Cash DividendquarterlyCAD:USD 0.755744

* 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.

Parex Resources's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.11919275/17.75
=6.31 %

Current Share Price is $17.75.
Parex Resources's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.11919275.

During the past 13 years, the highest Dividend Yield of Parex Resources was 7.35%. The lowest was 0.48%. And the median was 3.84%.

* 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.


Parex Resources 3-Year Dividend Growth Rate Related Terms>


Parex Resources (Parex Resources) Business Description

Industry
Traded in Other Exchanges
Address
2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1
Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.