TPZEF (Topaz Energy) Dividend Payout Ratio: 1.36 (As of Mar. 2026) — 27% Below Median

What is Topaz Energy Dividend Payout Ratio?

Topaz Energy TPZEF -0.80% 86 Dividend Payout Ratio is 1.36 as of Mar. 2026, which is 27% below its 10-year median of 1.86. GuruFocus rates TPZEF with a GF Score™ of 86/100 and a GF Value™ of $19.45 (Fairly Valued). The stock has 3 warning signs investors should review. Among 433 Oil & Gas companies, Topaz Energy ranks worse than 89.38% on this metric.

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. Topaz Energy's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.36.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Topaz Energy Corp is 1.61, which seems too high.

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

TPZEF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.57 Med: 1.86 Max: 4.57
Current: 1.61

During the past 7 years, the highest Dividend Payout Ratio of Topaz Energy was 4.57. The lowest was 1.57. And the median was 1.86.

TPZEF's Dividend Payout Ratio is ranked worse than
89.38% of 433 companies
in the Oil & Gas industry
Industry Median: 0.5 vs TPZEF: 1.61

As of today (2026-06-27), the Dividend Yield % of Topaz Energy is 4.71%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Topaz Energy was 6.58%. The lowest was 1.18%. And the median was 4.93%.

Topaz Energy's Dividends per Share for the months ended in Mar. 2026 was $0.25.

During the past 12 months, Topaz Energy's average Dividends Per Share Growth Rate was 3.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.10% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Topaz Energy was 15.20% per year. The lowest was 7.10% per year. And the median was 11.15% 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.

Topaz Energy (OTCPK:TPZEF) 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.

Topaz Energy Dividend Payout Ratio Related Terms

Topaz Energy Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Topaz Energy'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.

Topaz Energy Dividend Payout Ratio Chart

Topaz Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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3.30

1.57

4.57

1.85

1.86

Topaz Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.47	4.45	6.47	0.73	1.36

TPZEF vs WMB, EPD, KMI: Dividend Payout Ratio Comparison

For the Oil & Gas Midstream subindustry, Topaz Energy'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.

Topaz Energy Dividend Payout Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Topaz Energy's Dividend Payout Ratio falls into.

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Topaz Energy Corp TPZEF

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Topaz Energy Dividend Payout Ratio Calculation

Topaz Energy'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 )
	=	0.979	/	0.526
	=	1.86

Topaz Energy's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.248	/	0.182
	=	1.36

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.36 mean?

Topaz Energy (TPZEF) has a Dividend Payout Ratio of 1.36 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Topaz Energy and its competitors. This is 27% below median its historical median of 1.86. Over the past decade, Topaz Energy's Dividend Payout Ratio has ranged from 1.57 to 4.57. According to the industry distribution chart, Topaz Energy ranks #387 out of 433 companies in the Oil & Gas industry, placing it in the top 89.4%.

Is Topaz Energy's Dividend Payout Ratio too high?

Topaz Energy's current Dividend Payout Ratio of 1.36 is 27% below median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 4.57. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Topaz Energy's value of 1.36 is 172% above this industry median. Based on the distribution chart, Topaz Energy ranks #387 out of 433 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Topaz Energy has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Topaz Energy's Dividend Payout Ratio compare to WMB and EPD?

According to the Oil & Gas industry distribution chart, Topaz Energy ranks #387 out of 433 companies for Dividend Payout Ratio. This places Topaz Energy in the lower half of its industry. The industry median Dividend Payout Ratio is 0.50. Topaz Energy's value of 1.36 is 172% above this benchmark. Historically, Topaz Energy's own Dividend Payout Ratio has ranged from 1.57 to 4.57 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 0.50, Topaz Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Oil & Gas company?

The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Topaz Energy's current Dividend Payout Ratio of 1.36 is 172% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Topaz Energy and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topaz Energy's current Dividend Payout Ratio is 1.36, which is 27% below median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Topaz Energy stock overvalued right now?

Based on GuruFocus' analysis, Topaz Energy (TPZEF) is currently considered Fairly Valued. The stock's GF Value™ is $19.45, compared to a current price of $20.96 — trading 7.8% above its estimated fair value. The current Dividend Payout Ratio is 1.36, which is 27% below median its 10-year median of 1.86 and 172% above the Oil & Gas industry median of 0.50. Topaz Energy's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Topaz Energy (TPZEF), the current Dividend Payout Ratio is 1.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Topaz Energy (TPZEF) Overvalued in 2026?

Based on GuruFocus' analysis, Topaz Energy stock appears to be overvalued. The current stock price of $20.96 is trading 7.8% above its estimated GF Value™ of $19.45. GuruFocus considers Topaz Energy to be Fairly Valued.

Key valuation signals for TPZEF:

Dividend Payout Ratio: 1.36 (27% below median its 10-year median of 1.86)
GF Value™: $19.45 vs. price of $20.96 (7.8% above fair value)
GF Score™: 86/100 with 3 warning signs
Industry Position: 172% above the Oil & Gas median (#387 of 433)

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

Topaz Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:GEI TSX:TWM TSXV:ATLE TSXV:SRR TSX:SOBO TSX:KEY TSX:ALA TSX:ENB WMB EPD TSX:TRP KMI ET MPLX TRGP OKE LNG VG CQP TSX:PPL

Other Exchanges 5XU:Germany TPZ:Canada

Address 250 - 6th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 3H7

Website https://www.topazenergy.ca

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. The company generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.

86GF Score

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$20.96

Price

$19.45

GF Value

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