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Dividend Yield: 3.4%

National Bank of Canada maintains a reliable dividend profile, increasing its quarterly dividend by 4 cents to CAD 1.14 per share, payable February 2025. With a payout ratio of 40.1%, dividends are well-covered by earnings and expected to remain sustainable over the next three years. Despite being below top-tier yields in Canada, the bank's dividends have shown stability and growth over the past decade, supported by recent strong earnings performance with CAD 955 million net income in Q4 2024.

• Click here to discover the nuances of National Bank of Canada with our detailed analytical dividend report.

• Our expertly prepared valuation report National Bank of Canada implies its share price may be lower than expected.

Hemisphere Energy

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Hemisphere Energy Corporation is involved in the acquisition, exploration, development, and production of petroleum and natural gas interests in Canada, with a market cap of CA$185.31 million.

Operations: Hemisphere Energy's revenue primarily comes from its petroleum and natural gas interests, totaling CA$78.57 million.

Dividend Yield: 8.6%

Hemisphere Energy offers a compelling dividend yield at 8.56%, ranking in the top 25% of Canadian dividend payers. Its dividends are well-covered by earnings (33.2% payout ratio) and cash flows (57.6% cash payout ratio), though it has a shorter dividend history, having paid dividends for only three years. Recent financial results show increased revenue to C$60.09 million for the first nine months of 2024, supporting its ability to maintain stable payouts amidst declining forecasted earnings growth.

• Click to explore a detailed breakdown of our findings in Hemisphere Energy's dividend report.

• Insights from our recent valuation report point to the potential undervaluation of Hemisphere Energy shares in the market.

Key Takeaways

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:CG TSX:NA and TSXV:HME.

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