Gear Energy (TSX:GXE) Dividend Payout Ratio : 0.00 (As of Dec. 2023)

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What is Gear Energy Dividend Payout Ratio?

Gear Energy's dividend payout ratio for the months ended in Dec. 2023 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Gear Energy Ltd is 3.33, which seems too high.

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

TSX:GXE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.3 Med: 1.82 Max: 3.33
Current: 3.33

During the past 13 years, the highest Dividend Payout Ratio of Gear Energy was 3.33. The lowest was 0.30. And the median was 1.82.

TSX:GXE's Dividend Payout Ratio is ranked worse than
96.91% of 453 companies
in the Oil & Gas industry
Industry Median: 0.45 vs TSX:GXE: 3.33

As of today (2024-05-03), the Dividend Yield % of Gear Energy is 10.56%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Gear Energy was 16.41%. The lowest was 0.74%. And the median was 11.34%.

Gear Energy's Dividends per Share for the months ended in Dec. 2023 was C$0.02.

During the past 12 months, Gear Energy's average Dividends Per Share Growth Rate was 12.50% per year.

The growth rate is calculated with least square regression.

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

Gear Energy Dividend Payout Ratio Historical Data

The historical data trend for Gear 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.

* Premium members only.

Gear Energy Dividend Payout Ratio Chart

Gear Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.30

3.33

Gear Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.44	4.29	1.67	0.46	-

Competitive Comparison of Gear Energy's Dividend Payout Ratio

For the Oil & Gas E&P subindustry, Gear 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.

Gear Energy's Dividend Payout Ratio Distribution in the Oil & Gas Industry

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

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

Gear Energy Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Gear Energy's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.09	/	0.027
	=	3.33

Gear Energy'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 )
	=	0.015	/	-0.031
	=	N/A

Gear Energy (TSX:GXE) Dividend Payout Ratio Explanation

In dividends investing, 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.

Gear Energy Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Gear Energy's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Gear Energy (TSX:GXE) Business Description

Industry

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GENGF:USA 0GY:Germany

Address

205 - 5th Avenue S.W., Suite 800, Bow Valley Square II, Calgary, AB, CAN, T2P 2V7

Website

https://www.gearenergy.com

Gear Energy Ltd is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company's oil-focused operations are located in three core areas; Lloydminster Heavy Oil, Western Alberta Light/Medium Oil, and Southeast Saskatchewan Light Oil.

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