Tourmaline Oil Dividend yield

 Price  68.32
 Dividend  1.00
 Earnings  5.99
 Cash-flow  8.43
 Book value  34.16
 Equity  30.25

Tourmaline Oil is part of Oil Equipment Services and Distrib. business, which is part of Oil and Gas industry. Tourmaline Oil is a company from Canada, and his stocks are publicly traded.

Tourmaline Oil paid a total dividend of 338 million CAD last year, for a market value of 23,092 millions (Market Cap 19,539 millions). Dividend per share of Tourmaline Oil is 1.00 CAD, and his stock market price 68.32 CAD.

According to the chart below, where dividend yield is displayed, Tourmaline Oil has a dividend yield of 1.46%, lower than the amount offered by both the market average and companies from Canada. It is also lower than average of Oil and Gas industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Tourmaline Oil dividend yield with other Oil Equipment Services and Distrib. companies or firms from Canada.

Dividend yield of Tourmaline Oil

Tourmaline Oil Dividend Payout

About the ability of Tourmaline Oil to maintain his current dividend of CAD 1.00 per share, an amount that accounts for 1.46%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Tourmaline Oil payout on ernings is currently 16.69%, which is lower than the market average and companies of Oil and Gas industry, which are 41.22% and 58.03% respectively. Both figures lead us to believe that there is confidence that Tourmaline Oilcan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Tourmaline Oil is CAD 8.43 per share, which is higher than the dividend per share paid by the company of CAD 1.00, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Tourmaline Oil, compared againt world market average, Canada companies, Oil and Gas industry and Oil Equipment Services and Distrib. sector companies.

Tourmaline Oil payout

Tourmaline Oil Dividend History

Year Yield  CAD  Paypout  Shares* 

*In millions

Tourmaline Oil Stock performance

Finally, last moth Tourmaline Oil showed a return of -16.60% compared to a worldwide -2.30% average, and a -2.60% of Oil and Gas firms. Over the last year, the company obtained a 75.90% versus a worldwide performance of a -5.85%. More detailed information can be seen in the following graph for Canada and Oil Equipment Services and Distrib. firms.

Tourmaline Oil stock and market return