Eni S.p.A. (NYSE:E) Plans — Dividend of $0.54

Eni S.p.A. (NYSE:E) announced a — dividend on Monday, April 14th, Wall Street Journal reports. Shareholders of record on Tuesday, May 20th will be paid a dividend of 0.5391 per share by the oil and gas exploration company on Monday, June 9th. This represents a dividend yield of 5.5%. The ex-dividend date is Tuesday, May 20th. This is a 51.9% increase from ENI’s previous — dividend of $0.35.

ENI has increased its dividend payment by an average of 9.8% annually over the last three years. ENI has a dividend payout ratio of 56.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ENI to earn $3.78 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 57.1%.

ENI Stock Up 0.9 %

Shares of E stock opened at $26.68 on Tuesday. The stock’s 50 day simple moving average is $29.19 and its 200 day simple moving average is $29.05. ENI has a twelve month low of $24.65 and a twelve month high of $33.34. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The company has a market capitalization of $45.04 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.86 and a beta of 0.73.

Analyst Ratings Changes

A number of research firms have recently commented on E. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley restated an “equal weight” rating and set a $31.60 price target (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ENI currently has an average rating of “Hold” and a consensus target price of $31.60.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.