Tourmaline Oil (TSX:TOU) Dividend Payout Ratio: 0.63 (As of Mar. 2026) — 152% Above Median


TSX:TOU Tourmaline Oil Corp TSX:TOU
84 GF Score
Price C$60.16
GF Value C$62.14
Valuation Fairly Valued
! 7 Warning Signs
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What is Tourmaline Oil Dividend Payout Ratio?

Tourmaline Oil TSX:TOU +0.23% 84 Dividend Payout Ratio is 0.63 as of Mar. 2026, which is 152% above its 10-year median of 0.25. GuruFocus rates TSX:TOU with a GF Score™ of 84/100 and a GF Value™ of C$62.14 (Fairly Valued). The stock has 7 warning signs investors should review. Among 436 Oil & Gas companies, Tourmaline Oil ranks worse than 82.8% 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. Tourmaline Oil's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.63.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tourmaline Oil Corp is 1.11, which seems too high.

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

TSX:TOU' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.25   Max: 13.79
Current: 1.11

During the past 13 years, the highest Dividend Payout Ratio of Tourmaline Oil was 13.79. The lowest was 0.09. And the median was 0.25.

TSX:TOU's Dividend Payout Ratio is ranked worse than
82.8% of 436 companies
in the Oil & Gas industry
Industry Median: 0.5 vs TSX:TOU: 1.11

As of today (2026-06-28), the Dividend Yield % of Tourmaline Oil is 3.32%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tourmaline Oil was 6.18%. The lowest was 0.31%. And the median was 1.88%.

Tourmaline Oil's Dividends per Share for the months ended in Mar. 2026 was C$0.50.

During the past 12 months, Tourmaline Oil's average Dividends Per Share Growth Rate was 31.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 30.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 29.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tourmaline Oil was 30.50% per year. The lowest was 21.90% per year. And the median was 25.40% 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.

Tourmaline Oil (TSX:TOU) 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.

Tourmaline Oil Dividend Payout Ratio Related Terms

Tourmaline Oil Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tourmaline Oil'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.

Tourmaline Oil Dividend Payout Ratio Chart

Tourmaline Oil 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 0.11 0.09 0.20 0.54 13.79

Tourmaline Oil 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 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 0.50 1.07 1.92 0.00 0.63

TSX:TOU vs COP, EOG, OXY: Dividend Payout Ratio Comparison

For the Oil & Gas E&P subindustry, Tourmaline Oil'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.

Tourmaline Oil Dividend Payout Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Tourmaline Oil's Dividend Payout Ratio falls into.


TSX:TOU
84GF Score
Tourmaline Oil Corp TSX:TOU
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tourmaline Oil 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.

Tourmaline Oil'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 )
=2/ 0.145
=13.79

Tourmaline Oil'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 )
=0.5/ 0.795
=0.63

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.63 mean?
Tourmaline Oil (TSX:TOU) has a Dividend Payout Ratio of 0.63 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tourmaline Oil and its competitors. This is 152% above median its historical median of 0.25. Over the past decade, Tourmaline Oil's Dividend Payout Ratio has ranged from 0.09 to 13.79. According to the industry distribution chart, Tourmaline Oil ranks #361 out of 436 companies in the Oil & Gas industry, placing it in the top 82.8%.
Is Tourmaline Oil's Dividend Payout Ratio too high?
Tourmaline Oil's current Dividend Payout Ratio of 0.63 is 152% above median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 13.79. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Tourmaline Oil's value of 0.63 is 26% above this industry median. Based on the distribution chart, Tourmaline Oil ranks #361 out of 436 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Tourmaline Oil has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tourmaline Oil's Dividend Payout Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tourmaline Oil ranks #361 out of 436 companies for Dividend Payout Ratio. This places Tourmaline Oil in the lower half of its industry. The industry median Dividend Payout Ratio is 0.50. Tourmaline Oil's value of 0.63 is 26% above this benchmark. Historically, Tourmaline Oil's own Dividend Payout Ratio has ranged from 0.09 to 13.79 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.50, Tourmaline Oil 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 436 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. Tourmaline Oil's current Dividend Payout Ratio of 0.63 is 26% 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 Tourmaline Oil 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. Tourmaline Oil's current Dividend Payout Ratio is 0.63, which is 152% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tourmaline Oil stock overvalued right now?
Based on GuruFocus' analysis, Tourmaline Oil (TSX:TOU) is currently considered Fairly Valued. The stock's GF Value™ is C$62.14, compared to a current price of C$60.16 — trading 3.2% below its estimated fair value. The current Dividend Payout Ratio is 0.63, which is 152% above median its 10-year median of 0.25 and 26% above the Oil & Gas industry median of 0.50. Tourmaline Oil's overall GF Score™ is 84/100 with 7 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 Tourmaline Oil (TSX:TOU), the current Dividend Payout Ratio is 0.63 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 Tourmaline Oil (TSX:TOU) Overvalued in 2026?

Based on GuruFocus' analysis, Tourmaline Oil stock appears to be undervalued. The current stock price of C$60.16 is trading 3.2% below its estimated GF Value™ of C$62.14. GuruFocus considers Tourmaline Oil to be Fairly Valued.

Key valuation signals for TSX:TOU:

  • Dividend Payout Ratio: 0.63 (152% above median its 10-year median of 0.25)
  • GF Value™: C$62.14 vs. price of C$60.16 (3.2% below fair value)
  • GF Score™: 84/100 with 7 warning signs
  • Industry Position: 26% above the Oil & Gas median (#361 of 436)

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

Tourmaline Oil Business Description

Industry EnergyOil & Gas
Other Exchanges TRMLF:USA08T:Germany
Address 250 - 6th Avenue SW, Suite 2900, Calgary, AB, CAN, T2P 3H7
Tourmaline Oil is a Canadian natural gas producer with an integrated midstream gathering and processing operation. Its primary product is natural gas, but also produces natural gas liquids, condensates, and oil. As a result of multiple acquisitions, it has become the largest natural gas producer in Canada.
84GF Score

Get the complete analysis for TSX:TOU

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

C$60.16
Price
C$62.14
GF Value