Equinor ASA Announces Quarterly Dividend of $0.39 (NYSE:EQNR)

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Friday, August 14th will be given a dividend of 0.39 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, August 14th.

Equinor ASA has increased its dividend payment by an average of 0.2%annually over the last three years. Equinor ASA has a dividend payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Equinor ASA to earn $3.88 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 33.0%.

Equinor ASA Stock Down 4.5%

Shares of EQNR traded down $1.73 during mid-day trading on Thursday, reaching $36.30. 816,713 shares of the stock traded hands, compared to its average volume of 6,924,238. The firm has a market cap of $106.90 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 1.43 and a beta of 0.07. The stock has a fifty day simple moving average of $37.26 and a 200 day simple moving average of $29.01. Equinor ASA has a 12-month low of $22.26 and a 12-month high of $43.46. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.64.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.47. The company had revenue of $28.40 billion for the quarter, compared to analyst estimates of $28.73 billion. Equinor ASA had a net margin of 4.74% and a return on equity of 15.23%. Sell-side analysts expect that Equinor ASA will post 4.73 EPS for the current fiscal year.

About Equinor ASA

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low?carbon energy.