Source Rock Royalties' (CVE:SRR) Dividend Will Be CA$0.0065

Simply Wall St.06-24

Source Rock Royalties Ltd. (CVE:SRR) will pay a dividend of CA$0.0065 on the 15th of July. This makes the dividend yield 8.6%, which will augment investor returns quite nicely. Check out our latest ...

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This makes the dividend yield 8.6%, which will augment investor returns quite nicely. \n Check out our latest ...</p>\n\n<a href=\"https://finance.yahoo.com/news/source-rock-royalties-cve-srr-102952177.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Source Rock Royalties' (CVE:SRR) Dividend Will Be CA$0.0065</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSource Rock Royalties' (CVE:SRR) Dividend Will Be CA$0.0065\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-24 18:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/source-rock-royalties-cve-srr-102952177.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source Rock Royalties Ltd. (CVE:SRR) will pay a dividend of CA$0.0065 on the 15th of July. This makes the dividend yield 8.6%, which will augment investor returns quite nicely. \n Check out our latest ...</p>\n\n<a href=\"https://finance.yahoo.com/news/source-rock-royalties-cve-srr-102952177.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/source-rock-royalties-cve-srr-102952177.html","article_id":"2445458022","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/YbZfB0swF4KwgBIHqqdycQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/da713992716ec87035eff27f58858a3e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445458022","pubTimestamp":1719224992,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Source Rock Royalties Ltd.  will pay a dividend of CA$0.0065 on the 15th of July. This makes the dividend yield 8.6%, which will augment investor returns quite nicely.Check out our latest analysis for Source Rock Royalties. Source Rock Royalties Is Paying Out More Than It Is Earning. A big dividend yield for a few years doesn't mean much if it can't be sustained. Before this announcement, Source Rock Royalties was paying out 199% of what it was earning, and not generating any free cash flows either. Paying out such a large dividend compared to earnings while also not generating free cash flows is a major warning sign for the sustainability of the dividend as these levels are certainly a bit high.Source Rock Royalties Doesn't Have A Long Payment History. Source Rock Royalties Might Find It Hard To Grow Its Dividend. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other fact","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4159":"经销商","CA":"Xtrackers California Municipal Bond ETF","BK4566":"资本集团","CAGR":"California Grapes International, Inc.","SRRRF":"SOURCE ROCK ROYALTIES LTD","BK4585":"ETF&股票定投概念","BK4201":"综合性石油与天然气企业","CVE":"Cenovus能源","BK4213":"石油与天然气的勘探与生产"},"translate_title":"Source Rock Royalties(CVE：SRR)的股息将为0.0065加元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CA":1,"CAGR":1,"CVE":1,"SRRRF":0.9},"content_text":"Source Rock Royalties Ltd. (CVE:SRR) will pay a dividend of CA$0.0065 on the 15th of July. This makes the dividend yield 8.6%, which will augment investor returns quite nicely. \n Check out our latest analysis for Source Rock Royalties \nSource Rock Royalties Is Paying Out More Than It Is Earning\n A big dividend yield for a few years doesn't mean much if it can't be sustained. Before this announcement, Source Rock Royalties was paying out 199% of what it was earning, and not generating any free cash flows either. Paying out such a large dividend compared to earnings while also not generating free cash flows is a major warning sign for the sustainability of the dividend as these levels are certainly a bit high. \n Earnings per share could rise by 19.1% over the next year if things go the same way as they have for the last few years. If the dividend continues on its recent course, the payout ratio in 12 months could be 209%, which is a bit high and could start applying pressure to the balance sheet. \n\n\n\n  TSXV:SRR Historic Dividend June 24th 2024\n \n\nSource Rock Royalties Doesn't Have A Long Payment History\n Looking back, the dividend has been stable, but the company hasn't been paying a dividend for very long so we can't be confident that the dividend will remain stable through all economic environments. The annual payment during the last 2 years was CA$0.06 in 2022, and the most recent fiscal year payment was CA$0.078. This works out to be a compound annual growth rate (CAGR) of approximately 14% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. \nSource Rock Royalties Might Find It Hard To Grow Its Dividend\n Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. We are encouraged to see that Source Rock Royalties has grown earnings per share at 19% per year over the past five years. However, the company isn't reinvesting a lot back into the business, so we would expect the growth rate to slow down somewhat in the future. \nSource Rock Royalties' Dividend Doesn't Look Sustainable\n In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Source Rock Royalties' payments, as there could be some issues with sustaining them into the future. Strong earnings growth means Source Rock Royalties has the potential to be a good dividend stock in the future, despite the current payments being at elevated levels. We don't think Source Rock Royalties is a great stock to add to your portfolio if income is your focus. \n Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For example, we've identified 4 warning signs for Source Rock Royalties (2 make us uncomfortable!) that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. 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