TotalEnergies SE Sponsored ADR (NYSE:TTE) Raises Dividend to €0.90 Per Share

TotalEnergies SE Sponsored ADR (NYSE:TTE) announced a quarterly dividend on Thursday, July 24th. Stockholders of record on Thursday, October 1st will be given a dividend of €0.90 per share on Wednesday, October 21st. This represents a $3.60 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 30th. This is a 5.9% increase from TotalEnergies’s previous quarterly dividend of €0.85.

TotalEnergies has decreased its dividend payment by an average of 0.1%per year over the last three years. TotalEnergies has a dividend payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TotalEnergies to earn $10.85 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 6.7%.

TotalEnergies Stock Performance

TTE opened at $90.99 on Monday. TotalEnergies has a 1-year low of $57.39 and a 1-year high of $94.17. The company has a market cap of $218.17 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 3.02 and a beta of 0.13. The company’s fifty day moving average price is $88.41 and its two-hundred day moving average price is $87.29. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The firm had revenue of $57.10 billion during the quarter. On average, analysts expect that TotalEnergies will post 11.32 EPS for the current fiscal year.

About TotalEnergies

TotalEnergies SE (NYSE:TTE) is a French multinational energy company engaged in the production, processing and distribution of energy. Its operations span oil and natural gas exploration and production, liquefied natural gas, refining, petrochemicals, fuels, lubricants and other petroleum products.

The company is also expanding its electricity and renewable energy businesses, including solar and wind power, battery storage and electric-vehicle charging services. TotalEnergies serves customers across international markets through activities covering the energy supply chain, from upstream production to transportation, refining, marketing and power generation.

Founded in 1924 as Compagnie française des pétroles, the company operated under the Total name for many years before adopting the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.