Woodside Energy Group Ltd Plans Semi-annual Dividend of $0.51 (NYSE:WDS)

Woodside Energy Group Ltd (NYSE:WDS) announced a semi-annual dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.51 per share on Wednesday, April 2nd. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, March 7th.

Woodside Energy Group has raised its dividend by an average of 45.4% annually over the last three years. Woodside Energy Group has a payout ratio of 164.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Woodside Energy Group Stock Up 3.4 %

Woodside Energy Group stock traded up $0.52 during midday trading on Wednesday, reaching $15.51. The stock had a trading volume of 967,862 shares, compared to its average volume of 789,305. The stock’s 50-day simple moving average is $15.45 and its 200 day simple moving average is $16.17. Woodside Energy Group has a twelve month low of $14.34 and a twelve month high of $20.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Analyst Upgrades and Downgrades

WDS has been the subject of several recent research reports. Bank of America raised shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th. Citigroup upgraded shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour.