Genie Energy Ltd. (GNE) to Issue Quarterly Dividend of $0.08 on November 19th

Genie Energy Ltd. (NYSE:GNE) declared a quarterly dividend on Monday, November 3rd. Stockholders of record on Monday, November 10th will be paid a dividend of 0.075 per share by the oil and gas producer on Wednesday, November 19th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 10th.

Genie Energy Stock Up 1.2%

Shares of NYSE GNE opened at $14.84 on Friday. The stock has a market capitalization of $396.36 million, a P/E ratio of 15.79 and a beta of 0.05. Genie Energy has a one year low of $13.05 and a one year high of $28.47. The firm’s 50 day simple moving average is $15.24 and its two-hundred day simple moving average is $18.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.99 and a quick ratio of 1.85.

Genie Energy (NYSE:GNE) last announced its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.29). Genie Energy had a net margin of 1.82% and a return on equity of 6.40%. The business had revenue of $138.32 million during the quarter, compared to analysts’ expectations of $130.79 million.

About Genie Energy

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.