Gear Energy Ltd T.GXE

Bought a position...

[Kherson]

I was able to buy a position at $1.22 a share. Looks to me like RBC has wrongly indicated that the dividend is quarterly at 2 cents. 
Kherson

[scienceguy36]

Gear Energy Ltd. Confirms Monthly Dividend for September of $0.01 per Share T.GXE | 2 hours ago Calgary, Alberta--(Newsfile Corp. - September 1, 2022) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the September 2022 monthly dividend of $0.01 per common share is to be paid on September 30, 2022, to shareholders of record on September 15

[brewster123]

Almost 10% yield at current price!  Time to buy more!

[JTDOUBLE]

The payout based on recent quarterly earnings of 9 cents is only 33% of earnings.. Looks like dividends are quite safe..

[navajojoe]

This post has been removed in accordance with Community Policy

[Luckyeleven]

Folks on these boards love to pump their holdings hard for them to be objective. Dividends or not the stock has taken a huge hit since the Spring and hopefully has found some kind of bottom here. Unless you traded it most have lost with GXE if they have bought in recent months. So far the company as paid out .03 in dividends and down .45 or so in share price. Not hard ti figure out the math here

[jleer42]

As opposed to name calling why you don't refute what was posted? "Recent quarterly earnings of 9 cents is only 33% of earnings" is a fact "Looks like dividends are quite safe" is an opinion, can you provide facts as to why it isn't correct? Maybe provide your analysis of a WTI price where the dividend becomes unsustainable.  Possibly you think name calling will

[Kherson]

Update: Checked my RBC trading accounts today and RBC's detailed stock quote for GXE is now showing a quarterly dividend of 1 cent and therefore a dividend yield of 3.25%. Wow... Kherson

[zack50]

Ignore what RBC says! You bought your position at $1.22.... Gear presently pays a dividend of $0.01 per month or 0.12 per annum. Your dividend yield is 9.83% per annum! That puts your GXE divy yield at twice the average of thte oil/gas stocks shown in the chart in my previous post.