Shell plc (NYSE:SHEL) Declares Quarterly Dividend of $0.69

Shell plc (NYSE:SHEL) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Friday, May 17th will be given a dividend of 0.688 per share by the energy company on Monday, June 24th. This represents a $2.75 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Thursday, May 16th. This is a boost from Shell’s previous quarterly dividend of $0.66.

Shell has a dividend payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Shell to earn $8.79 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 31.3%.

Shell Stock Up 0.4 %

Shares of NYSE:SHEL opened at $72.38 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. The business has a 50 day simple moving average of $68.43 and a two-hundred day simple moving average of $66.05. Shell has a 1 year low of $55.78 and a 1 year high of $73.94. The firm has a market capitalization of $232.89 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.71 and a beta of 0.59.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.94 by $0.28. The company had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. Shell had a return on equity of 13.78% and a net margin of 5.83%. During the same quarter in the prior year, the company posted $2.76 EPS. On average, equities analysts predict that Shell will post 8.16 EPS for the current year.

Analyst Upgrades and Downgrades

SHEL has been the subject of several research reports. TD Securities boosted their price objective on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday. TheStreet upgraded Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company lifted their target price on Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

About Shell

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.