Core Laboratories Inc. (NYSE:CLB – Get Free Report) announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, May 11th will be paid a dividend of 0.01 per share by the oil and gas company on Monday, June 1st. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, May 11th.
Core Laboratories has decreased its dividend payment by an average of 0.3%per year over the last three years. Core Laboratories has a payout ratio of 4.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Core Laboratories to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.8%.
Core Laboratories Stock Down 2.3%
Shares of CLB opened at $13.15 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 0.42. Core Laboratories has a 12 month low of $9.72 and a 12 month high of $20.36. The stock’s 50 day moving average is $16.40 and its two-hundred day moving average is $16.80. The firm has a market cap of $605.98 million, a P/E ratio of 20.22, a PEG ratio of 2.53 and a beta of 0.99.
About Core Laboratories
Core Laboratories N.V. is a global provider of proprietary and patented reservoir description and production enhancement services to the oil and gas industry. The company applies specialized expertise in core and fluid analysis, advanced petrophysical interpretation, and reservoir engineering to optimize hydrocarbon recovery. By integrating laboratory testing with field services and digital analytics, Core Laboratories delivers insights that help operators maximize production and extend the life of their assets.
The company’s portfolio spans two primary service lines: reservoir description and production enhancement.
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