About Tamarack Valley Energy Ltd.
Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin...
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TVE.TO has maintained stable dividend payments over the past 3 years with no cuts over 5%.
TVE.TO's dividend payments have increased by 8.534% annually over the last 5 years.
TVE.TO's earnings have grown by 68.292% annually over the last 5 years. This strong earnings growth suggests a stable and increasing income stream, supporting the sustainability and potential growth of dividend payouts.
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Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin...
Dividend Payment
TVE.TO paid out 21.74% of its $94M earnings as dividends over the last 12 months.
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TVE.TO's Dividend Payout Ratio of 21.74% is considered safe for the Energy sector, indicating that the company retains enough earnings to support business growth.
TVE.TO's Interest Coverage Ratio of 5.765 indicates strong financial health with easy coverage of interest expenses.
TVE.TO shows excellent income quality with a ratio of 6.705. This indicates high-quality earnings and low risk of dividend cuts.
Tamarack Valley Energy Ltd.(TVE.TO) offers a dividend yield of 3.58% and pays $0.15 in dividends per share. Explore the historical dividend growth of TVE.TO.
TVE.TO has maintained stable dividend payments over the past 3 years with no cuts over 5%.
TVE.TO's dividend payments have increased by 8.534% annually over the last 5 years.
TVE.TO's earnings have grown by 68.292% annually over the last 5 years. This strong earnings growth suggests a stable and increasing income stream, supporting the sustainability and potential growth of dividend payouts.
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Profit margin ratio of TVE.TO (0.297) is lower than the average of its peers (0.363).
Net profit margin ratio of TVE.TO (0.067) is lower than the average of its peers (0.159).
See how efficiently TVE.TO generates profit for it's shareholders.
4.33%
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Return on Equity ratio of TVE.TO (0.043) is lower than the average of its peers (0.108).
TVE.TO's Return on Equity has shown poor growth over the past 10 years, increasing by only 6.26%.
See how TVE.TO has grown it's revenue over the past 10 years.
TVE.TO's revenue has grown significantly over the past 10 years, increasing by over 27.29%.