Berry Co. Plans Quarterly Dividend of $0.03 (NASDAQ:BRY)

Berry Co. (NASDAQ:BRY) declared a quarterly dividend on Tuesday, March 11th, Wall Street Journal reports. Stockholders of record on Saturday, March 22nd will be paid a dividend of 0.03 per share by the energy company on Tuesday, April 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, March 21st.

Berry has increased its dividend payment by an average of 17.0% annually over the last three years. Berry has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Berry to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 19.7%.

Berry Stock Performance

Shares of BRY stock opened at $3.41 on Wednesday. The company has a market cap of $262.36 million, a price-to-earnings ratio of 3.16 and a beta of 1.67. The stock has a 50 day simple moving average of $4.25 and a 200-day simple moving average of $4.58. Berry has a 12-month low of $3.06 and a 12-month high of $8.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54.

Berry (NASDAQ:BRY) last issued its earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The business had revenue of $167.06 million during the quarter, compared to the consensus estimate of $173.00 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. On average, equities analysts forecast that Berry will post 0.58 EPS for the current year.

Berry Company Profile

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.