Chord Energy Corp's Dividend Analysis
Assessing the Sustainability and Prospects of CHRD's Dividends
Chord Energy Corp (NASDAQ:CHRD) recently announced a dividend of $3.25 per share, payable on 2024-03-19, with the ex-dividend date set for 2024-03-04. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Chord Energy Corp's dividend performance and assess its sustainability.
What Does Chord Energy Corp Do?
-
This Powerful Chart Made Peter Lynch 29% A Year For 13 Years
-
How to calculate the intrinsic value of a stock?
Chord Energy Corp is an independent exploration and production company. The company acquires, exploits, develops, and explores crude oil, natural gas, and natural gas liquids in the Williston Basin.
A Glimpse at Chord Energy Corp's Dividend History
Chord Energy Corp has maintained a consistent dividend payment record since 2021. Dividends are currently distributed on a quarterly basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Chord Energy Corp's Dividend Yield and Growth
As of today, Chord Energy Corp currently has a 12-month trailing dividend yield of 7.24% and a 12-month forward dividend yield of 6.30%. This suggests an expectation of decreased dividend payments over the next 12 months. Based on Chord Energy Corp's dividend yield and five-year growth rate, the 5-year yield on cost of Chord Energy Corp stock as of today is approximately 7.24%.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2023-12-31, Chord Energy Corp's dividend payout ratio is 0.58. Chord Energy Corp's profitability rank, offers an understanding of the company's earnings prowess relative to its peers. GuruFocus ranks Chord Energy Corp's profitability 6 out of 10 as of 2023-12-31, suggesting fair profitability. The company has reported net profit in 3 years out of the past 10 years.
Growth Metrics: The Future Outlook
To ensure the sustainability of dividends, a company must have robust growth metrics. Chord Energy Corp's growth rank of 6 out of 10 suggests that the company has a fair growth outlook. Revenue is the lifeblood of any company, and Chord Energy Corp's revenue per share, combined with the 3-year revenue growth rate, indicates a strong revenue model. Chord Energy Corp's revenue has increased by approximately 18.30% per year on average, a rate that outperforms approximately 61.1% of global competitors.