Eni SpA (NYSE:E) to Issue Quarterly Dividend of $0.63

Eni SpA (NYSE:E) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.6276 per share by the oil and gas exploration company on Wednesday, October 7th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 22nd.

ENI has increased its dividend by an average of 0.1%annually over the last three years. ENI has a dividend payout ratio of 49.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect ENI to earn $5.62 per share next year, which means the company should continue to be able to cover its $1.73 annual dividend with an expected future payout ratio of 30.8%.

ENI Trading Down 1.5%

Shares of E opened at $54.60 on Friday. The stock’s fifty day simple moving average is $53.78 and its 200-day simple moving average is $52.92. The firm has a market capitalization of $92.17 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.23 and a beta of 0.38. ENI has a 12-month low of $34.03 and a 12-month high of $58.00. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

ENI (NYSE:E) last announced its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The firm had revenue of $25.87 billion during the quarter, compared to analyst estimates of $27.93 billion. ENI had a return on equity of 11.27% and a net margin of 6.51%. As a group, research analysts predict that ENI will post 6.19 earnings per share for the current year.

About ENI

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Founded in 1953, the company operates across the energy value chain, including the exploration, development and production of oil and natural gas, as well as natural gas marketing and liquefied natural gas activities.

Eni also operates refining and chemicals businesses and has expanded into lower-carbon energy and related services. Through businesses such as Plenitude and Enilive, it provides renewable power, energy retail, electric-vehicle charging, mobility services, biofuels and other products designed to support the energy transition.