Vitesse Energy, Inc. (NYSE:VTS) Shareholders to Receive $0.44 Quarterly Dividend

Vitesse Energy, Inc. (NYSE:VTS) declared a quarterly dividend on Wednesday, October 28th. Investors of record on Tuesday, December 15th will be given a dividend of $0.4375 per share on Thursday, December 31st. This represents a $1.75 annualized dividend and a yield of 9.6%. The ex-dividend date is Tuesday, December 15th.

Vitesse Energy has a payout ratio of 160.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Vitesse Energy to earn $0.19 per share next year, which means the company may not be able to cover its $1.75 annual dividend with an expected future payout ratio of 921.1%.

Vitesse Energy Stock Performance

NYSE:VTS opened at $18.25 on Thursday. Vitesse Energy has a fifty-two week low of $15.00 and a fifty-two week high of $22.91. The company has a market cap of $768.40 million, a P/E ratio of -55.30 and a beta of 0.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $17.51 and its two-hundred day moving average is $18.01.

Vitesse Energy Company Profile

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company’s portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.