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Granite Ridge Resources (GRNT) Dividend Yield, Date & History

Granite Ridge Resources logo
$6.19 +0.57 (+10.14%)
(As of 12/20/2024 05:40 PM ET)

Granite Ridge Resources Dividend Summary

Dividend Yield
7.11%
Annual Dividend
$0.44
Recent
Dividend Payment
Dec. 16
Dividend Payout Ratio
122.22%

Granite Ridge Resources (GRNT) pays an annual dividend of $0.44 per share, with a dividend yield of 7.11%. The next quarterly payment of $0.11 per share was paid on Monday, December 16, to investors who owned the stock before the ex-dividend date of Friday, November 29. The company currently pays out 122.22% of its earnings and 21.54% of its cash flow as dividends.

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GRNT Dividend Payments by Quarter

The chart below displays up to four years of Granite Ridge Resources' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

GRNT Dividend Yield Over Time

The chart below tracks Granite Ridge Resources' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Granite Ridge Resources vs. The Competition

Compare Granite Ridge Resources' annual dividend, yield, and 3-year growth rate with averages for Energy and NYSE companies to evaluate its performance against the market.

TypeGranite Ridge ResourcesEnergy CompaniesNYSE Companies
Annual Dividend$0.44$0.00$1.39
Dividend Yield7.11%11.55%3.58%
Annualized 3-Year Dividend Growth0.00%25.09%15.78%

Granite Ridge Resources Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings122.22%
Based on This Year's Estimate81.48%
Based on Next Year's Estimate72.13%
Based on Cashflow21.54%

Granite Ridge Resources Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/7/2024quarterly$0.11 - 6.8%11/29/202411/29/202412/16/2024
8/8/2024quarterly$0.11 - 7.3%8/30/20248/30/20249/13/2024
5/15/2024quarterly$0.11 - 6.8%5/31/20245/31/20246/14/2024
2/15/2024quarterly$0.11 - 7.1%2/29/20243/1/20243/15/2024
11/17/2023Quarterly$0.11 - 7.07%11/30/202312/1/202312/15/2023
8/22/2023Quarterly$0.11 - 5.51%8/31/20239/1/20239/15/2023
5/23/2023quarterly$0.11 - 6.7%5/31/20236/1/20236/15/2023
2/21/2023quarterly$0.11+$0.03
37.50%
4.8%2/28/20233/1/20233/15/2023

This table shows Granite Ridge Resources' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Granite Ridge Resources Dividend - Frequently Asked Questions

The current dividend yield for Granite Ridge Resources is 7.11%. Learn more on GRNT's dividend yield history.

The annual dividend for GRNT shares is $0.44. Learn more on GRNT's annual dividend history.

Granite Ridge Resources pays quarterly dividends to shareholders.

Granite Ridge Resources's most recent quarterly dividend payment of $0.11 per share was made to shareholders on Monday, December 16, 2024.

Granite Ridge Resources's most recent ex-dividend date was Friday, November 29, 2024.

The most recent change in the company's dividend was an increase of $0.03 on Tuesday, February 21, 2023.

The dividend payout ratio for GRNT is:
  • 122.22% based on the trailing year of earnings
  • 81.48% based on this year's estimates
  • 72.13% based on next year's estimates
  • 21.54% based on cash flow

Granite Ridge Resources' dividend yield of 7.30% is lower than the average Oils/Energy company that issues a dividend. GRNT has a dividend yield higher than 75% of all dividend-paying stocks 5.61, making it a leading dividend payer. Granite Ridge Resources' dividend payout ratio of 122.22% may not be sustainable. However, based on earnings estimates, GRNT will have a more sustainable dividend payout ratio of 72.13% next year.

Looking at the stock as a whole, market analysts rate Granite Ridge Resources stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:GRNT) was last updated on 12/21/2024 by MarketBeat.com Staff
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