Kimbell Royalty (NYSE:KRP) Plans Quarterly Dividend of $0.45

Kimbell Royalty (NYSE:KRP) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Monday, November 16th will be given a dividend of $0.45 per share by the energy company on Monday, November 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date is Monday, November 16th. This is a 4.3% decrease from Kimbell Royalty’s previous quarterly dividend of $0.47.

Kimbell Royalty has increased its dividend by an average of 0.1% per year over the last three years. Kimbell Royalty has a dividend payout ratio of 132.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kimbell Royalty to earn $1.11 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 169.4%.

Kimbell Royalty Stock Performance

NYSE:KRP opened at $15.04 on Friday. The company has a current ratio of 7.30, a quick ratio of 7.30 and a debt-to-equity ratio of 0.71. Kimbell Royalty has a 12-month low of $11.31 and a 12-month high of $17.12. The stock has a 50-day moving average price of $15.36 and a 200 day moving average price of $14.80. The stock has a market capitalization of $1.73 billion, a P/E ratio of 18.43 and a beta of 0.38.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings results on Thursday, November 5th. The energy company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%. The business had revenue of $86.33 million during the quarter, compared to analysts’ expectations of $104.41 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts forecast that Kimbell Royalty will post 1.10 EPS for the current fiscal year.

About Kimbell Royalty

Kimbell Royalty Partners, LP (NYSE: KRP) is a publicly traded oil and natural gas mineral and royalty company. It owns mineral, royalty, overriding royalty, and non-operated working interests in producing and undeveloped properties across the onshore United States.

The partnership generates revenue primarily from its share of oil, natural gas, and natural gas liquids produced from properties operated by third-party exploration and production companies. Its asset base is concentrated in major U.S.