About ShaMaran Petroleum Corp. (SHASF) — Dividend Analysis 2026
ShaMaran Petroleum Corp., together with its subsidiaries, engages in the exploration and development of oil and gas. The company holds a 27.6% interest in the Atrush Block production sharing contract, which covers an area of 269 square kilometers located in the Kurdistan region of Iraq. It also provides technical and administration services. ShaMaran Petroleum Corp. was incorporated in 1991 and is headquartered in Vancouver, Canada.
Is SHASF a good dividend investment in 2026?
SHASF offers a 1538.46% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
SHASF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your SHASF portfolio grows to $5640.07M vs $11.78M without reinvestment. This is the compound interest effect in action.
SHASF dividend growth history & forecast
SHASF has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 1538.46%.
FCF ($41M) is below dividends paid ($5.8B) — risk of cut (FCF: $41M · Dividends est.: $5.8B)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.0B → +0.1B → -0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 SHASF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold SHASF.
Gross yield
1538.46%
Tax rate
15.00%
After-tax yield
1307.69%
Real yield (−CPI)
1304.89%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
1538.46%
1535.66%
$153,846 / yr
🇺🇸 US Taxable (15%) ✓
15%
1307.69%
1304.89%
$130,769 / yr
🇺🇸 US Taxable (20%)
20%
1230.77%
1227.97%
$123,077 / yr
🇬🇧 UK ISA
0%
1538.46%
1535.66%
$153,846 / yr
🇬🇧 UK Taxable
8.75%
1403.84%
1401.04%
$140,384 / yr
🇨🇦 TFSA
0%
1538.46%
1535.66%
$153,846 / yr
🇨🇦 CA Taxable
25%
1153.85%
1151.05%
$115,385 / yr
🇦🇺 Super (pension)
15%
1307.69%
1304.89%
$130,769 / yr
🇦🇺 AU Taxable
30%
1076.92%
1074.12%
$107,692 / yr
🇩🇪 DE Taxable
26.375%
1132.69%
1129.89%
$113,269 / yr
🇫🇷 FR Taxable
30%
1076.92%
1074.12%
$107,692 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 SHASF Income Goal & Break-Even
Dividend Break-Even
1yr
Years for dividends to fully repay your SHASF investment of $0.13/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$217.03M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$217.02M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in SHASF for:
Shares needed
14,118
Capital required
$1,835
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 SHASF Dividend Payment Schedule
SHASF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 SHASF vs Energy Benchmarks
How SHASF compares to typical Energy averages.
Benchmark: Energy
Dividend Yield▲+1533.86% vs sectorBetter
SHASF
1538.46%
avg
4.60%
5Y Dividend CAGR▼-5.80% vs sectorBelow avg
SHASF
0.00%
avg
5.80%
Payout Ratio▲-2.00% vs sectorBetter
SHASF
50.00%
avg
52.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for SHASF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ SHASF Insider Activity
No recent SEC filings reported in the last 90 days.
📅
Next Earnings Report: 2026-05-06(in 36 days)EPS estimate: $0.01
🔬
Financial Health Scores
Altman Z-Score
0.77
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
7/9
✅ Strong fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the SHASF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →