Berry Corporation Declares Quarterly Dividend of $0.03 (NASDAQ:BRY)

Key Points

• Berry Corporation has declared a quarterly dividend of $0.03 per share, set to be paid on August 28th to stockholders of record as of August 18th, which reflects an annualized yield of 4.2%.
• The company reported a significant earnings surprise in its last quarterly results, posting $0.66 EPS, exceeding analysts' expectations of $0.01, along with revenues of $210.08 million against estimates of $155 million.
• Berry's stock has experienced volatility, trading down to $2.84, down $0.12 with a market cap of $220.38 million, and a price-to-earnings ratio of -6.04.

Berry Corporation (NASDAQ:BRY - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Shareholders of record on Monday, August 18th will be given a dividend of 0.03 per share by the energy company on Thursday, August 28th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, August 18th.

Berry Stock Up 0.7%

Shares of Berry stock traded up $0.02 on Monday, reaching $2.83. The stock had a trading volume of 559,873 shares, compared to its average volume of 951,564. The company has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.15. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.55. Berry has a 1 year low of $2.11 and a 1 year high of $6.64. The stock has a market capitalization of $219.61 million, a P/E ratio of 40.43 and a beta of 1.12.

Berry (NASDAQ:BRY - Get Free Report) last released its earnings results on Wednesday, August 6th. The energy company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.65. Berry had a net margin of 0.60% and a return on equity of 5.27%. The company had revenue of $210.08 million during the quarter, compared to analysts' expectations of $155.00 million. As a group, equities research analysts forecast that Berry will post 0.58 EPS for the current year.

About Berry

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company's principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.