Investors looking to receive the next dividend from Whitecap Resources (OTC:SPGYF) Inc. should take note of the newly announced ex-dividend date set for November 29th. To be eligible for the dividend payment scheduled on December 15th, shareholders are required to own shares before this cutoff. The forthcoming dividend is slated at CA$0.061 per share, contributing to an annual total of CA$0.58 per share. This amount yields approximately 6.1% based on Whitecap's current stock price of CA$9.58.
The company's dividend sustainability appears robust, underscored by conservative payout ratios—36% from earnings and 37% from free cash flow. These figures suggest prudent financial management by Whitecap Resources and provide room for potential reinvestment in the company's growth.
While Whitecap Resources has experienced a significant annual earnings growth of 43% over the past five years, the dividend payments have remained consistent instead of rising with profits. Investors are advised to weigh this stability against the inherent risks of investment while assessing the company's financial health and future dividend potential.
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