CRC - NYSE
California Resources Corporation
$62.20
-1.2%California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.
At a Glance
Live SnapshotCalifornia Resources Corporation Dividend History
CRC Dividend Payment History
Total Payments
19
Latest Dividend
$0.4050
Annual Amount
$1.9900
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
May 5, 2026 | May 29, 2026 | Jun 18, 2026 | $0.4050 | $0.4050 | Quarterly | 0.00% |
Mar 1, 2026 | Mar 13, 2026 | Mar 20, 2026 | $0.4050 | $0.4050 | Quarterly | 0.00% |
Nov 4, 2025 | Dec 1, 2025 | Dec 15, 2025 | $0.4050 | $0.4050 | Quarterly | +4.38% |
Aug 5, 2025 | Aug 27, 2025 | Sep 12, 2025 | $0.3880 | $0.3880 | Quarterly | 0.00% |
May 6, 2025 | May 30, 2025 | Jun 13, 2025 | $0.3880 | $0.3880 | Quarterly | 0.00% |
Mar 3, 2025 | Mar 10, 2025 | Mar 21, 2025 | $0.3880 | $0.3880 | Quarterly | 0.00% |
Nov 5, 2024 | Dec 2, 2024 | Dec 16, 2024 | $0.3880 | $0.3880 | Quarterly | 0.00% |
Aug 5, 2024 | Aug 30, 2024 | Sep 16, 2024 | $0.3880 | $0.3880 | Quarterly | +25.16% |
May 7, 2024 | May 31, 2024 | Jun 14, 2024 | $0.3100 | $0.3100 | Quarterly | 0.00% |
Feb 27, 2024 | Mar 6, 2024 | Mar 18, 2024 | $0.3100 | $0.3100 | Quarterly | 0.00% |
Nov 1, 2023 | Dec 1, 2023 | Dec 15, 2023 | $0.3100 | $0.3100 | Quarterly | +9.93% |
Jul 28, 2023 | Sep 1, 2023 | Sep 15, 2023 | $0.2820 | $0.2820 | Quarterly | 0.00% |
Apr 28, 2023 | Jun 1, 2023 | Jun 16, 2023 | $0.2820 | $0.2820 | Quarterly | 0.00% |
Feb 24, 2023 | Mar 6, 2023 | Mar 16, 2023 | $0.2820 | $0.2820 | Quarterly | 0.00% |
Nov 2, 2022 | Dec 1, 2022 | Dec 16, 2022 | $0.2820 | $0.2820 | Quarterly | +65.88% |
Aug 3, 2022 | Sep 1, 2022 | Sep 16, 2022 | $0.1700 | $0.1700 | Quarterly | 0.00% |
May 5, 2022 | Jun 1, 2022 | Jun 16, 2022 | $0.1700 | $0.1700 | Quarterly | 0.00% |
Feb 24, 2022 | Mar 7, 2022 | Mar 16, 2022 | $0.1700 | $0.1700 | Quarterly | 0.00% |
Nov 11, 2021 | Dec 1, 2021 | Dec 16, 2021 | $0.1700 | $0.1700 | Quarterly | - |
California Resources Corporation Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
Excellent FCF coverage. Dividend is well-supported by actual cash generation with ample room for increases and business reinvestment.
Dividend Growth
Significant dividend reduction signals serious challenges. Company prioritizing financial stability over shareholder returns. High risk of further cuts.
Sustainability
Sustainable dividend with adequate coverage. Some areas for improvement but overall appears safe for dividend investors.
Key Insight
Recent dividend cut signals distress: Management forced to reduce payout, indicating financial pressure. Evaluate whether business challenges are temporary or structural before reinvesting.
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