California Resources Corporation (CRC) Dividend History
Income profile from 2021 to 2025 with payout safety and yield-on-cost trend
3-Second Income Check
Safety
30.1% payout ratio with sustainable safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 6.7% and trend is unknown.
Dividend Scorecard
Yield & Income
Payout Safety
Growth
Total Returns
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
Income Growth Story
Dividend per share and yield on cost over time (5 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
California Resources Corporation distributes 30.1% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 20.7%, rated "Well Covered".
Piotroski F-Score: 3/9 — weak financial health.
Growth Track Record
CRC has raised its dividend for 4 consecutive years, with a 3-year CAGR of 25.5%.
Total Shareholder Returns
Beyond cash dividends, CRC returns capital through share repurchases. The combined picture: 2.4% dividend yield, 0.0% buyback yield, 2.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 6.7% and is currently unknown. The 5-year total return is 143.6%, with dividends contributing 19.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $113,742 today.
Recent Dividend Payments
Last 17 payments · Quarterly
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Dec 1, 2025Latest | $0.4050 | ↑ +4.5% | 3.31% | Dec 15, 2025 |
| Aug 27, 2025 | $0.3875 | — | 3.11% | Sep 12, 2025 |
| May 30, 2025 | $0.3875 | — | 3.51% | Jun 13, 2025 |
| Mar 10, 2025 | $0.3875 | — | 3.55% | Mar 21, 2025 |
| Dec 2, 2024 | $0.3875 | — | 2.43% | Dec 16, 2024 |
| Aug 30, 2024 | $0.3875 | ↑ +25.0% | 2.51% | Sep 16, 2024 |
| May 31, 2024 | $0.3100 | — | 2.56% | Jun 14, 2024 |
| Mar 5, 2024 | $0.3100 | — | 2.22% | Mar 18, 2024 |
Dividend Peer Comparison
Peer group: U.S. conventional mature field operators
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
CRCCalifornia Resources… | $5.4T | 2.4% | 30.1% | 4 | Sustainable |
CRGYCrescent Energy Comp… | $3.8B | 4.0% | — | 3 | Unknown |
1st MNRMach Natural Resourc… | $2.2B | 24.4% | 1.7% | 1 | Sustainable |
3rd TXOTXO Partners, L.P. | $686M | 18.9% | 3.6% | 5 | Sustainable |
SDSandRidge Energy, In… | $645M | 11.1% | 1.1% | 2 | Sustainable |
2nd BRYBerry Corporation | $253M | 19.5% | 2.5% | 0 | Sustainable |
EPMEvolution Petroleum … | $156M | 11.0% | 11.1% | 4 | Sustainable |
MXCMexco Energy Corpora… | $23M | 0.9% | 12.2% | 2 | Sustainable |
REPXRiley Exploration Pe… | $10M | 5.1% | 34.7% | 4 | Sustainable |
Annual Dividend History
14 years of dividend data
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2025 | $1.57 | 12.4% | 4 | — | — | — | 6.7% |
| 2024 | $1.40 | 20.5% | 4 | $4.62 | 30.2% | 3.31x | 5.9% |
| 2023 | $1.16 | 46.1% | 4 | $7.78 | 14.9% | 6.72x | 4.9% |
| 2022 | $0.79 | 366.2% | 4 | $6.75 | 11.7% | 8.52x | 3.4% |
| 2021 | $0.17 | — | 1 | $7.37 | 2.3% | 43.35x | 0.7% |
| 2020 | $0.00 | — | 0 | $22.59 | — | — | — |
| 2019 | $0.00 | — | 0 | $-0.57 | — | — | — |
| 2018 | $0.00 | — | 0 | $6.77 | — | — | — |
| 2017 | $0.00 | — | 0 | $-6.26 | — | — | — |
| 2016 | $0.00 | — | 0 | $6.76 | — | — | — |
See CRC's True Return
Price is only half the story. See total return with reinvested dividends.
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See how CRC stacks up against sector leader Infinity Natural Resources, Inc..
Start ComparisonFrequently Asked Questions
How much dividend does CRC pay per share?
California Resources Corporation (CRC) pays a trailing 12-month dividend of $1.39 per share, with a current dividend yield of +2.4%. Payments are made Quarterly.
When is CRC's next ex-dividend date?
CRC's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. CRC typically pays dividends Quarterly.
Is CRC's dividend safe?
CRC's dividend safety is rated "Sustainable" based on an earnings payout ratio of +30.1% and FCF payout ratio of +20.7%. The 4-year growth streak provides moderate confidence.
Is CRC a Dividend Payer?
Yes, California Resources Corporation is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is N/A, demonstrating modest dividend growth.
How often does CRC pay dividends?
California Resources Corporation pays dividends Quarterly. The trailing 12-month total is $1.39 per share. Dividend data on this page covers 4+ years from 2021 to 2025.
How much would $10,000 invested in CRC grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in CRC five years ago would be worth approximately $24,361 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is CRC's yield on cost for long-term holders?
CRC's yield on cost — the current dividend divided by the original purchase price — is +6.7% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.4% market yield, thanks to the lower original cost basis.