Shell PLC Unsponsored ADR (NYSE:SHEL) Shares to Pay Quarterly Dividend of $0.78

Shell PLC Unsponsored ADR (NYSE:SHEL) announced a quarterly dividend on Thursday, October 30th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.7812 per share by the energy company on Monday, December 21st. This represents a $3.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 13th.

Shell has raised its dividend by an average of 0.1% annually over the last three years. Shell has a dividend payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Shell to earn $10.98 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 28.4%.

Shell Stock Down 1.6%

NYSE SHEL opened at $97.29 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. Shell has a fifty-two week low of $68.63 and a fifty-two week high of $109.37. The business has a 50 day moving average price of $99.36 and a two-hundred day moving average price of $89.13. The stock has a market cap of $278.71 billion, a PE ratio of 8.45, a P/E/G ratio of 0.82 and a beta of 0.07.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 29th. The energy company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.26. Shell had a net margin of 9.96% and a return on equity of 16.86%. The company had revenue of $92.85 billion for the quarter, compared to analyst estimates of $93.25 billion. As a group, sell-side analysts predict that Shell will post 12.40 EPS for the current fiscal year.

Shell announced that its board has authorized a share buyback plan on Thursday, October 29th that permits the company to repurchase $5 billion in shares. This buyback authorization permits the energy company to reacquire up to 1.7% of its stock through open market purchases. Share buyback plans are often a sign that the company’s board believes its stock is undervalued.

About Shell

Shell plc is a global energy company engaged in the exploration and production of oil and natural gas, natural gas liquefaction and marketing, and the refining and sale of fuels and other products. Its businesses also include chemicals, power and energy solutions, including lower-carbon offerings such as biofuels, hydrogen and electric-vehicle charging. The company serves customers and operates across regions worldwide. Its products and services reach consumers, businesses and industrial customers through activities such as fuel retailing, natural gas supply, chemicals production and energy trading.