EQT Corporation (EQT) to Distribute Quarterly Dividend of $0.17 on December 1st

EQT Corporation (NYSE:EQT) declared a quarterly dividend on Wednesday, October 14th. Stockholders of record on Wednesday, November 4th will be given a dividend of $0.17 per share by the oil and gas producer on Tuesday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, November 4th. This is a 3.0% increase from EQT’s previous quarterly dividend of $0.1650.

EQT has increased its dividend payment by an average of 0.8% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. EQT has a dividend payout ratio of 13.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect EQT to earn $3.26 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 20.9%.

EQT Price Performance

EQT stock opened at $55.38 on Monday. EQT has a 1-year low of $47.94 and a 1-year high of $68.24. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $53.20 and its two-hundred day moving average price is $55.49. The firm has a market capitalization of $34.64 billion, a price-to-earnings ratio of 13.12 and a beta of 0.68.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, October 27th. The oil and gas producer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. EQT had a net margin of 28.40% and a return on equity of 8.89%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the company posted $0.52 EPS. EQT’s revenue was down 9.6% compared to the same quarter last year. On average, equities research analysts predict that EQT will post 3.88 earnings per share for the current fiscal year.

EQT Company Profile

EQT Corporation is a natural gas exploration and production company headquartered in Pittsburgh, Pennsylvania. The company develops and operates unconventional oil and gas properties, with a primary focus on natural gas and natural gas liquids produced from shale formations.

EQT’s operations are concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations in Pennsylvania, West Virginia and Ohio. Its activities include drilling, completion, production and management of natural gas wells, along with related gathering and infrastructure operations that support the transportation of its products to market.

The company traces its roots to Equitable Gas, founded in 1878, and has evolved through multiple stages of expansion and restructuring in the U.S.