W&T Offshore Dividend Seen as Less Certain Amid Recent Losses
W&T Offshore’s ex-dividend date falls one business day before the record date used to determine shareholder eligibility. The next dividend is US$0.01 per share, after US$0.04 paid over the prior 12 months. Although the dividend used about 16% of free cash flow, the company reported a loss last year and earnings have declined, raising concerns about dividend durability.