Alvopetro Energy Ltd. (TSXV:ALV) pays a quarterly dividend of US$0.12 per share, declared in US dollars even though the shares are quoted in Canadian dollars. Using a Canadian-dollar equivalent of about C$0.17 per payment and the latest obtainable close of C$9.34 on 21 October 2026, the indicated yield is roughly 7.28%.

The dividend and its currency

The company's March 2026 release declared US$0.12 per common share, with a record date of 31 March and payment on 15 April 2026. It is designated an eligible dividend for Canadian tax purposes, and non-residents face withholding at the 25 per cent statutory rate, which a treaty may reduce.

The most recent payment had an ex-date of 29 September 2026, a record date of 30 September and payment on 15 October. Each US dollar payout is converted into Canadian dollars, which is why the amounts drift from about C$0.164 to C$0.170 across four quarters.

Trailing and indicated yield

For ex-dates from 30 October 2025 to 29 October 2026, four quarterly payments fall in the window: 31 December 2025, 31 March, 30 June and 29 September 2026. At US$0.12 each, the US dollar total is US$0.48. The Canadian-dollar equivalents add up to C$0.6718.

Divided by C$9.34, that gives a regular trailing yield of 7.19 per cent. The indicated yield, based on the latest C$0.17 equivalent multiplied by four, is 7.28 per cent. Both move with the exchange rate.

Differences from earlier inputs

A source spreadsheet showed a price of C$10.07 and a yield of 6.18 per cent. The verified trailing yield is higher mainly because the price used here is lower, at C$9.34, and because the payout was converted at recent exchange rates.

The 29 September 2026 baseline recorded the same US$0.12 quarterly dividend. Release titles show the dividend was US$0.10 for the third quarter of 2025 and US$0.12 from the fourth quarter, before the lookback began.

Company context

Alvopetro holds 100 per cent of the Murucututu natural gas field and a 56.2 per cent working interest in Caburé, both in Brazil. Brazil sales averaged 2,417 barrels of oil equivalent a day in 2025, and net income was US$23.1 million, up 42 per cent.

The company's March 2026 release said the Caburé working-interest redetermination was in full ICC arbitration with an uncertain outcome. That is a stated risk to cash flow.

How to read the yield

Alvopetro's payout is set in US dollars, so a stronger Canadian dollar lowers the Canadian-dollar value of each payment and a weaker one raises it. The yield quoted here therefore moves with the exchange rate as well as the share price.

The company also faces commodity and arbitration risks described in its own filings. Investors comparing it with Canadian-dollar payers should apply a dated Bank of Canada rate and a current price before drawing conclusions.