Genie Energy Ltd. (GNE) to Issue Quarterly Dividend of $0.07 on August 24th

Genie Energy Ltd. (NYSE:GNE) declared a quarterly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be given a dividend of 0.075 per share by the oil and gas producer on Monday, August 24th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 14th.

Genie Energy has decreased its dividend by an average of 0.0%annually over the last three years.

Genie Energy Price Performance

GNE stock opened at $14.56 on Wednesday. The business has a 50 day simple moving average of $14.21 and a 200-day simple moving average of $14.12. The company has a market capitalization of $384.38 million, a P/E ratio of 29.71 and a beta of 0.20. Genie Energy has a twelve month low of $12.69 and a twelve month high of $16.54. The company has a current ratio of 2.54, a quick ratio of 2.44 and a debt-to-equity ratio of 0.03.

Genie Energy (NYSE:GNE) last issued its quarterly earnings data on Thursday, August 6th. The oil and gas producer reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.18. Genie Energy had a net margin of 4.95% and a return on equity of 13.00%. The company had revenue of $100.40 million for the quarter, compared to the consensus estimate of $104.57 million.

Genie Energy Company Profile

Genie Energy Ltd. (NYSE: GNE) is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel’s Shefela basin and Jordan’s oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs.

Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.