Shell plc (NYSE:SHEL) Announces Quarterly Dividend of $0.72

Shell plc (NYSE:SHELGet Free Report) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.716 per share by the energy company on Monday, March 24th. This represents a $2.86 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69.

Shell has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Shell to earn $7.27 per share next year, which means the company should continue to be able to cover its $2.75 annual dividend with an expected future payout ratio of 37.8%.

Shell Trading Down 1.3 %

SHEL stock traded down $0.84 during trading on Friday, hitting $65.82. The company had a trading volume of 5,154,893 shares, compared to its average volume of 4,423,974. The stock has a market cap of $201.23 billion, a PE ratio of 13.54, a PEG ratio of 6.46 and a beta of 0.55. Shell has a one year low of $60.15 and a one year high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $64.18 and a 200-day moving average of $67.41.

Shell (NYSE:SHELGet Free Report) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.17% and a return on equity of 14.54%. Research analysts predict that Shell will post 8.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Finally, Piper Sandler decreased their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $79.11.

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About Shell

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Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.

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Dividend History for Shell (NYSE:SHEL)

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