Eni SpA (E) To Go Ex-Dividend on November 24th

Eni SpA (NYSE:E) declared a quarterly dividend on Monday, October 5th. Investors of record on Tuesday, November 24th will be paid a dividend of $0.6335 per share by the oil and gas exploration company on Monday, December 7th. This represents a $2.53 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, November 24th. This is a 0.9% increase from ENI’s previous quarterly dividend of $0.6276.

ENI has raised its dividend by an average of 0.1%per year over the last three years. ENI has a payout ratio of 47.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ENI to earn $6.09 per share next year, which means the company should continue to be able to cover its $1.67 annual dividend with an expected future payout ratio of 27.4%.

ENI Stock Performance

Shares of E stock opened at $54.52 on Wednesday. The firm has a 50 day moving average of $54.84 and a 200-day moving average of $53.38. The company has a market cap of $92.04 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 0.22 and a beta of 0.44. 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 has a 52 week low of $34.03 and a 52 week high of $58.00.

ENI (NYSE:E) last issued 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%. On average, equities analysts forecast that ENI will post 6.41 earnings per share for the current year.

ENI Company Profile

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.