Parex Resources (TSX:PXT) Dividend Payout Ratio

: 0.16 (As of Dec. 2023)

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Parex Resources's dividend payout ratio for the months ended in Dec. 2023 was 0.16.

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

TSX:PXT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.11 Max: 0.22
Current: 0.22

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.

TSX:PXT's Dividend Payout Ratio is ranked better than
76.05% of 451 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TSX:PXT: 0.22

As of today (2024-04-24), the Dividend Yield % of Parex Resources is 6.20%.

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

Parex Resources's Dividends per Share for the months ended in Dec. 2023 was C$0.38.

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

The growth rate is calculated with least square regression.

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

Parex Resources Dividend Payout Ratio Historical Data

The historical data trend for Parex Resources'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.

Parex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.08

0.11

0.22

Parex Resources 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															0.08	0.27	0.23	0.24	0.16

Competitive Comparison

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

Parex Resources Dividend Payout Ratio Distribution

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

* The bar in red indicates where Parex Resources's Dividend Payout Ratio falls into.

Parex Resources Dividend Payout Ratio Calculation

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

Parex Resources'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 )
	=	1.501	/	6.917
	=	0.22

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 )
	=	0.379	/	2.359
	=	0.16

Parex Resources (TSX:PXT) 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.

Parex Resources Dividend Payout Ratio Related Terms

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

Parex Resources (TSX:PXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (TSX:PXT) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

PARXF:USA QPX:Germany

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

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.

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