CDDRF (Headwater Exploration) Dividend Payout Ratio: (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CDDRF Headwater Exploration Inc CDDRF
78 GF Score
Price $9.84
GF Value $6.73
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Headwater Exploration Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Headwater Exploration's Dividend Payout Ratio for the months ended in Jun. 2026 was .

The historical rank and industry rank for Headwater Exploration's Dividend Payout Ratio or its related term are showing as below:

CDDRF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.58   Max: 0.67
Current: 0.54

During the past 13 years, the highest Dividend Payout Ratio of Headwater Exploration was 0.67. The lowest was 0.14. And the median was 0.58.

CDDRF's Dividend Payout Ratio is ranked worse than
55.6% of 455 companies
in the Oil & Gas industry
Industry Median: 0.48 vs CDDRF: 0.54

As of today (2026-09-19), the Dividend Yield % of Headwater Exploration is 3.27%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Headwater Exploration was 7.79%. The lowest was 1.55%. And the median was 5.42%.

Headwater Exploration's Dividends per Share for the months ended in Jun. 2026 was $.

During the past 12 months, Headwater Exploration's average Dividends Per Share Growth Rate was 7.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 63.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Headwater Exploration was 63.90% per year. The lowest was 63.90% per year. And the median was 63.90% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Headwater Exploration (OTCPK:CDDRF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Headwater Exploration Dividend Payout Ratio Related Terms

Headwater Exploration Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Headwater Exploration's Dividend Payout Ratio can be seen below:

* 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.

Headwater Exploration Dividend Payout Ratio Chart

Headwater Exploration Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.29 0.62 0.51 0.69

Headwater Exploration Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.72 0.72 0.92 0.65

CDDRF vs COP, EOG, OXY: Dividend Payout Ratio Comparison

For the Oil & Gas E&P subindustry, Headwater Exploration's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

Headwater Exploration Dividend Payout Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Headwater Exploration's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Headwater Exploration's Dividend Payout Ratio falls into.


CDDRF
78GF Score
Headwater Exploration Inc CDDRF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Headwater Exploration Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Headwater Exploration's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.315/ 0.459
=0.69

Headwater Exploration's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2026 )/ EPS without NRI (Q: Jun. 2026 )
=/ 0.228
=0.00

* 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.

Is Headwater Exploration (CDDRF) Overvalued in 2026?

Based on GuruFocus' analysis, Headwater Exploration stock appears to be overvalued. The current stock price of $9.84 is trading 46.2% above its estimated GF Value™ of $6.73. GuruFocus considers Headwater Exploration to be Significantly Overvalued.

Key valuation signals for CDDRF:

  • Dividend Payout Ratio:
  • GF Value™: $6.73 vs. price of $9.84 (46.2% above fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the CDDRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Headwater Exploration Business Description

Industry EnergyOil & Gas
Other Exchanges C6V:GermanyHWX:Canada
Address 215 - 9th Avenue SW, Unit 1400, Calgary, AB, CAN, T2P 1K3
Headwater Exploration Inc is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The company has high quality oil production, reserves, and lands in the prolific Clearwater play in the Marten Hills, Greater Peavine and Greater Nipisi areas of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick. Its core operating areas are Clearwater fairway, Alberta and McCully Field, New Brunswick.
78GF Score

Get the complete analysis for CDDRF

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.84
Price
$6.73
GF Value