Lucara Diamond (LUC.TO) Dividends
Market Cap: $167.18M
Avg Volume: 158.76K
Industry: Other Precious Metals
Sector: Basic Materials
Dividend Overview
Lucara Diamond (LUC.TO) pays a quarterly dividend to its shareholders. The current dividend yield is 9.43%, which means that for every $100 invested at the current price, investors would receive approximately $9.43 in dividends per year (this can change based on future dividend payments and price movements).
About LUC.TO's Dividend
Lucara Diamond pays a quarterly dividend of $0.07 per share, which totals $0.29 annually. This means that for each share you own, you'll receive $0.29 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was September 05, 2019. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
LUC.TO Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.025 | 9.43% | September 05, 2019 | September 06, 2019 | September 19, 2019 | September 05, 2019 |
| $0.025 | 6.54% | June 06, 2019 | June 07, 2019 | June 20, 2019 | June 06, 2019 |
| $0.025 | 6.10% | March 21, 2019 | March 22, 2019 | April 11, 2019 | March 21, 2019 |
| $0.025 | 6.06% | December 06, 2018 | December 07, 2018 | December 20, 2018 | December 06, 2018 |
| $0.025 | 4.61% | September 06, 2018 | September 07, 2018 | September 20, 2018 | September 06, 2018 |
| $0.025 | 4.85% | June 07, 2018 | June 08, 2018 | June 21, 2018 | May 09, 2018 |
| $0.025 | 4.81% | March 22, 2018 | March 23, 2018 | April 12, 2018 | February 20, 2018 |
| $0.025 | 3.98% | November 30, 2017 | December 01, 2017 | December 14, 2017 | November 03, 2017 |
| $0.025 | 3.20% | August 30, 2017 | September 01, 2017 | September 14, 2017 | August 04, 2017 |
| $0.025 | 17.67% | May 31, 2017 | June 02, 2017 | June 15, 2017 | May 03, 2017 |
| $0.025 | 19.05% | March 15, 2017 | March 17, 2017 | March 30, 2017 | February 16, 2017 |
| $0.015 | 15.64% | November 30, 2016 | December 02, 2016 | December 15, 2016 | November 09, 2016 |
| $0.45 | 13.75% | August 31, 2016 | September 02, 2016 | September 15, 2016 | July 19, 2016 |
| $0.015 | 1.21% | June 01, 2016 | June 03, 2016 | June 16, 2016 | May 03, 2016 |
| $0.015 | 1.35% | March 16, 2016 | March 18, 2016 | March 31, 2016 | February 23, 2016 |
| $0.02 | 1.75% | December 02, 2015 | December 04, 2015 | December 17, 2015 | November 06, 2015 |
| $0.02 | 3.74% | June 03, 2015 | June 18, 2015 | June 18, 2015 | June 03, 2015 |
| $0.06 | 2.62% | December 03, 2014 | December 18, 2014 | December 18, 2014 | December 03, 2014 |
| $0.02 | 0.92% | June 04, 2014 | June 19, 2014 | June 19, 2014 | June 04, 2014 |
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for LUC.TO
- Dividend & Capex Coverage Ratio: 0.59x Weak coverage
- Dividend Frequency: Quarterly
What These Indicators Mean
The Dividend & Capex Coverage Ratio of 0.59x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio below 1.0x indicates Lucara Diamond may need to use cash reserves or debt to fund dividends and investments, which could be unsustainable long-term.
Lucara Diamond's quarterly dividend structure is the most common among dividend-paying companies, providing a balance between regular income for investors and financial flexibility for the company.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.