Shell PLC Unsponsored ADR (NYSE:SHEL) to Issue Dividend Increase – $0.74 Per Share

Shell PLC Unsponsored ADR (NYSE:SHEL) declared a quarterly dividend on Thursday, October 30th. Stockholders of record on Friday, February 20th will be given a dividend of 0.744 per share by the energy company on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, February 20th. This is a 3.9% increase from Shell’s previous quarterly dividend of $0.72.

Shell has raised its dividend payment by an average of 0.1%annually over the last three years. Shell has a payout ratio of 42.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Shell to earn $7.97 per share next year, which means the company should continue to be able to cover its $2.97 annual dividend with an expected future payout ratio of 37.3%.

Shell Stock Up 1.6%

NYSE:SHEL traded up $1.26 during trading hours on Wednesday, reaching $79.20. The company’s stock had a trading volume of 830,604 shares, compared to its average volume of 6,322,222. The company has a market capitalization of $225.20 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 5.81 and a beta of 0.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.30. Shell has a 12 month low of $58.54 and a 12 month high of $80.25. The stock has a 50 day moving average price of $74.28 and a two-hundred day moving average price of $73.60.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.64). The firm had revenue of $64.09 billion during the quarter, compared to analysts’ expectations of $65.82 billion. Shell had a return on equity of 10.34% and a net margin of 6.52%. Equities analysts predict that Shell will post 7.67 EPS for the current fiscal year.

About Shell

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.