VAALCO Energy has announced its upcoming ex-dividend date as November 22nd, a key date for investors aiming to receive the next dividend payment. To be eligible for the payout of $0.063 per share scheduled on December 21st, shareholders need to have purchased the company's stock before this date. With a solid history of distributing 69% of its profit and 63% of its free cash flow back to shareholders, VAALCO's dividends appear sustainable given current earnings.
Over the preceding year, VAALCO has returned a total of $0.25 per share in dividends, culminating in a trailing yield of 6.0% against the present share price of $4.19. This performance is part of a consistent growth pattern, with the company's earnings per share increasing by an average of 13% annually over the past five years. Moreover, dividends per share have experienced significant growth, with an average annual increase of approximately 39% over the last two years.
InvestingPro Insights
In light of the real-time data from InvestingPro, VAALCO Energy (EGY) shows promising potential for investors. The company boasts a healthy market cap of $439.64 million and a P/E ratio of 12.85, indicating a reasonable valuation. Furthermore, the company's revenue growth is impressive, with a 28.14% increase in the last twelve months as of Q3 2023, and a quarterly growth of 48.88% in Q3 2023.
InvestingPro Tips shed light on the company's financial health and future prospects. The company holds more cash than debt on its balance sheet, a sign of financial stability. Analysts predict that the company will be profitable this year, a promising outlook that aligns with VAALCO's profitability over the last twelve months.
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