Market dataIncome framework read
Dividend CompanyTSXCanada

TOU.TO

Tourmaline Oil

EnergyPlain dividendQuarterly

Market Snapshot

$60.54

-$0.50 (-81.91%)

Toronto

Yield

3.30%

Rate $2.00

Next Payment

Next pay in 7 days

Ex-date 2026-06-15

52wk Position

27.58%

-14.21% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

TOU.TO has an income profile aligned with its dividend company role. Provider data shows 6 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

TOU.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.83.

3

Main watch item

Editorial framework

DRIP coverage is the weak point

TOU.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
$50.00
APR
0.826
Coverage
0.826

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$50.00
Cushion
-$10.54
Cushion %
-17.41%
Current $60.54Break $50.00

Smart Recommendation

TOU.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Moderate

1mo ago

DRIP availability

Available

1mo ago

Tax character

Eligible dividend

1mo ago

Distribution history

5–10 yr track

1mo ago

Structure complexity

Simple

1mo ago

Income trend

Variable

1mo ago

Account suitability

Non-reg: eligible div

1mo ago

Structure Overview

Tourmaline Oil (TOU) is Canada's largest natural gas producer, paying a base eligible dividend quarterly plus irregular special dividends tied to excess free cash flow. The base dividend has grown consistently since 2020, but total income planning should separate the predictable base from variable special distributions.

Canadian Planning Notes

  • 1Model TOU income using only the base dividend for plan reliability; treat special dividends as supplemental income that may not recur in low-price environments.
  • 2Eligible dividends (base and special) qualify for the tax credit; verify each special dividend declaration for the exact record and payment date.
  • 3DRIP applies to the base dividend; confirm with your broker whether special dividends are eligible for reinvestment under your plan.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$60.54

Previous close

$61.04

Day range

$60.16 - $61.25

52wk range

$56.72 - $70.57

Market cap

23.5B

Volume

2.9M

Avg volume

2.9M

Exchange

Toronto

Dividend and distribution

Forward rate

$2.00

Trailing rate

$2.00

Forward yield

3.30%

Trailing yield

3.28%

Per payment

$0.50

Cadence

Quarterly

Next ex-date

Jun 15, 2026

Next pay

Jun 30, 2026

Last dividend

$0.50

Last dividend date

Jun 15, 2026

Performance

Daily change

-$0.50

Daily change %

-81.91%

52wk position

27.58%

Below 52wk high

-14.21%

Above 52wk low

6.73%

Open

$61.10

Earnings and financials

Trailing EPS

1.81

Forward EPS

5.11

Revenue

4.6B

Revenue growth

4.10%

Profit margin

15.24%

Operating margin

65.05%

Payout ratio

N/A

Free cash flow

-1.1B

Total cash

N/A

ROE

4.50%

ROA

1.89%

Debt/equity

7.14

Beta

0.27

Valuation

Trailing P/E

33.45

Forward P/E

11.85

Price/sales

5.06

Price/book

1.52

Enterprise value

N/A

EV/EBITDA

N/A

Analyst facts

Target mean

$71.45

Target high

$78.00

Target low

$57.00

Recommendation mean

2

Recommendation key

buy

Analysts

20

Canadian Context

Account placement

Non-registered

Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.

TFSA: Tax-free growth and withdrawals.

RRSP: Tax-deferred growth, with withdrawals taxed as regular income.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

Carry this holding into a calculator

Use a planning tool that matches this holding's structure, payout timing, and income use case.

Run dividend calculationCompare dividend holdings

Compare With Peers

Similar income profiles

Compare in Dividend Compare Engine

ARX.TO

ARC Resources

Quarterly

BKR

Baker Hughes

Quarterly

CNQ.TO

Canadian Natural Resources

Quarterly

Related Holdings

ENB.TO

Enbridge

Quarterly

TRP.TO

TC Energy

Quarterly

PPL.TO

Pembina Pipeline

Quarterly

XEI.TO

iShares S&P/TSX Composite High Dividend Index ETF

Monthly

BNS.TO

Bank of Nova Scotia

Quarterly

This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.