Why it’s on the map
At 52-wk HIGH on Middle East cracks — but Canadian heavy crude = 73% of Midwest (PADD 2) refinery input. Largest corporate counterparty to a Canadian oil weapon. Energy exempt TODAY; the tail risk is unpriced.
Government money & contracts
None.
Customers & commercial
Fuel.
Catalysts
Any Alberta/Ottawa export-levy headline.
Risk
Unpriced tail.
Tariff durability
Watchlist, not a short.
Dividend · #37 of 47 payers by yield
0.90% yield
$4.00 a share a year · quarterly · pays Mar · Jun · Sept · Dec
Per payment$1.00a share, 4× a year
Next payoutexpected Decnot yet declared
Last ex-dateAug 19, 2026next ex-date Nov 18, 2026
Last paidSept 10, 2026$1.00 a share
Payout ratio14%of earnings · well covered
Raised4 yrsconsecutive years of increases
Shares at the Oct 30 close of $444.732.25
Each payment$2.25
Per year · 4 payments$8.99
Recent payments
| Ex-date | Paid | Per share | |
|---|---|---|---|
| Aug 19, 2026 | Sept 10, 2026 | $1.00 | |
| May 20, 2026 | Jun 10, 2026 | $1.00 | |
| Feb 18, 2026 | Mar 10, 2026 | $1.00 | |
| Nov 19, 2025 | Dec 10, 2025 | $1.00 |
Yield = $1.00 × 4 ÷ the Oct 30 close of $444.73. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source