Coterra Energy Inc (NYSE:CTRA) recently declared a dividend of $0.21 per share, to be paid on 2024-05-30, with the ex-dividend date scheduled for 2024-05-15. Investors are eagerly anticipating this upcoming payment while also examining the company’s dividend history, yield, and growth rates. Using data from GuruFocus, let’s delve into Coterra Energy Inc’s dividend performance and evaluate its sustainability.
Coterra Energy Inc is an independent oil and gas company involved in the development, exploration, and production of oil, natural gas, and NGLs. The company’s operations are focused in three main areas: the Permian Basin in west Texas and southeast New Mexico, the Marcellus Shale in northeast Pennsylvania, and the Anadarko Basin in the Mid-Continent region in Oklahoma.
To determine the sustainability of the dividend, it is essential to assess the company’s payout ratio. As of 2024-03-31, Coterra Energy Inc’s dividend payout ratio is 0.47. A lower ratio indicates that the company retains a significant portion of its earnings for future growth and unforeseen circumstances.
Coterra Energy Inc’s profitability rank is 8 out of 10 as of 2024-03-31, showcasing good profitability prospects. The company has reported net profit in 8 out of the past 10 years.
In terms of growth metrics, Coterra Energy Inc has a growth rank of 8 out of 10, indicating a positive growth trajectory compared to its competitors. The company’s revenue per share has grown by approximately 28.60% per year on average, outperforming a significant percentage of global competitors.
Moreover, Coterra Energy Inc’s earnings per share (EPS) have increased by approximately 62.10% per year on average over the past three years, surpassing a large portion of global competitors. The company’s 5-year EBITDA growth rate of 24.10% also outperforms a considerable percentage of global competitors.
Overall, Coterra Energy Inc’s consistent dividend payments, strong growth metrics, and solid payout ratio demonstrate its commitment to delivering value to shareholders. With a history of profitability and a promising outlook, Coterra Energy Inc appears to be a potentially lucrative option for dividend-seeking investors. The company’s strategic initiatives and operational efficiency may further enhance its dividend prospects in the future.