Eni SpA (NYSE:E) to Issue Dividend Increase – $0.63 Per Share

Eni SpA (NYSE:E) declared a quarterly dividend on Thursday, April 2nd. Stockholders of record on Tuesday, May 19th will be paid a dividend of 0.6313 per share by the oil and gas exploration company on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, May 19th. This is a 2.9% increase from ENI’s previous quarterly dividend of $0.61.

ENI has increased its dividend payment by an average of 0.1%annually over the last three years. ENI has a payout ratio of 49.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ENI to earn $5.40 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 32.2%.

ENI Trading Up 0.2%

Shares of NYSE:E opened at $55.45 on Friday. The company has a market cap of $93.60 billion, a P/E ratio of 31.87, a PEG ratio of 0.23 and a beta of 0.41. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. ENI has a 1 year low of $28.78 and a 1 year high of $58.00. The stock’s fifty day moving average price is $53.97 and its 200-day moving average price is $44.45.

ENI (NYSE:E) last announced its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. Sell-side analysts expect that ENI will post 6.08 earnings per share for the current year.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low?carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.