Genie Energy Ltd. (NYSE:GNE) Shareholders to Collect $0.07 Quarterly Dividend

Genie Energy Ltd. (NYSE:GNE) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.0750 per share by the oil and gas producer on Monday, November 23rd. This represents a $0.30 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, November 13th.

Genie Energy Stock Down 2.2%

Shares of GNE traded down $0.37 during mid-day trading on Thursday, reaching $16.72. The company’s stock had a trading volume of 124,136 shares, compared to its average volume of 72,371. Genie Energy has a 12-month low of $12.69 and a 12-month high of $17.50. The stock has a market cap of $440.12 million, a PE ratio of 20.64 and a beta of 0.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.89 and a quick ratio of 2.75. The company’s 50 day moving average is $16.16 and its 200 day moving average is $14.67.

Genie Energy (NYSE:GNE) last issued its quarterly earnings data on Thursday, November 5th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Genie Energy had a net margin of 5.05% and a return on equity of 12.80%. The company had revenue of $127.24 million for the quarter, compared to the consensus estimate of $122.00 million.

About Genie Energy

Genie Energy Ltd. is an energy services company that provides electricity and natural gas to residential and small-business customers through retail energy businesses. Its offerings may include energy supply plans, renewable energy options and related services, with operations conducted through a portfolio of brands and subsidiaries.

The company’s retail energy activities have historically included serving customers in U.S. deregulated energy markets, where consumers can select an independent supplier rather than purchasing supply directly from a regulated utility.