Eni S.p.A. (E) to Issue — Dividend of $0.54 on June 9th

Eni S.p.A. (NYSE:E) declared a — dividend on Monday, April 14th, Wall Street Journal reports. Investors of record on Tuesday, May 20th will be paid a dividend of 0.5391 per share by the oil and gas exploration company on Monday, June 9th. This represents a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, May 20th. This is a 51.9% increase from ENI’s previous — dividend of $0.35.

ENI has raised its dividend by an average of 9.8% per year over the last three years. ENI has a payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ENI to earn $3.78 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 57.1%.

ENI Trading Up 0.4 %

NYSE:E opened at $26.79 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $29.15 and its 200-day simple moving average is $29.03. ENI has a 12-month low of $24.65 and a 12-month high of $33.30. The firm has a market cap of $45.21 billion, a P/E ratio of 16.04, a PEG ratio of 1.86 and a beta of 0.73.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on E shares. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $31.60 price objective (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.60.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.