Sitio Royalties (NYSE:STR) Will Pay A Smaller Dividend Than Last Year [Yahoo! Finance]
Sitio Royalties Corp. (STR)
US:NYSE Investor Relations:
ir.qepres.com/phoenix.zhtml?c=237732&p=irol-newsarticle&id=1499617
Company Research
Source: Yahoo! Finance
The dividend yield of 7.7% is still a nice boost to shareholder returns, despite the cut. View our latest analysis for Sitio Royalties If the payments aren't sustainable, a high yield for a few years won't matter that much. Sitio Royalties isn't generating any profits, and it is paying out a very high proportion of the cash it is earning. This makes us feel that the dividend will be hard to maintain. Earnings per share is forecast to rise exponentially over the next year. Assuming the dividend continues along recent trends, we could see the payout ratio reach 1,220%, which is on the unsustainable side. Looking back, the dividend has been unstable but with a relatively short history, we think it may be a bit early to draw conclusions about long term dividend sustainability. The annual payment during the last 2 years was $2.84 in 2022, and the most recent fiscal year payment was $1.90. Dividend payments have fallen sharply, down 33% over that time. A company that decreases its d
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News
- Sitio Royalties Corp (STR) Q3 2024 Earnings Call Highlights: Strategic Acquisitions and Debt ... [Yahoo! Finance]Yahoo! Finance
- Sitio Royalties Corp. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Sitio Royalties Reports Third Quarter 2024 Operational and Financial Results [Yahoo! Finance]Yahoo! Finance
- Sitio Royalties Reports Third Quarter 2024 Operational and Financial ResultsBusiness Wire
- Sitio Royalties Schedules Third Quarter 2024 Earnings CallBusiness Wire
STR
Earnings
- 11/6/24 - Beat
STR
Sec Filings
- 11/8/24 - Form SC
- 11/6/24 - Form 10-Q
- 11/6/24 - Form 8-K
- STR's page on the SEC website