Shell PLC Unsponsored ADR (NYSE:SHEL) Shareholders to Collect $0.78 Quarterly Dividend

Key Points

• Shell declared a quarterly dividend of $0.7812 per share, equivalent to $3.12 annualized and a 3.2% yield; payment is scheduled for December 21 to shareholders of record November 13.
• The dividend appears well covered: Shell’s payout ratio is 44.6%, and analysts expect a future payout ratio of 28.4% based on projected next-year earnings.
• Shell reported quarterly EPS of $3.86, beating the $3.60 analyst consensus, while revenue of $92.85 billion came in slightly below estimates.

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

Shell has raised its dividend payment by an average of 0.1% annually over the last three years. Shell has a payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of Shell stock opened at $97.29 on Wednesday. The stock has a market capitalization of $278.71 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 0.82 and a beta of 0.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.09. The business has a 50-day moving average of $99.36 and a 200 day moving average of $89.13. Shell has a 12 month low of $68.63 and a 12 month high of $109.37.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share (EPS) for the quarter, topping 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 forecast that Shell will post 12.40 earnings per share for the current year.

Institutional Investors Weigh In On Shell

A number of hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in shares of Shell by 118.8% in the third quarter. Private Advisor Group LLC now owns 45,580 shares of the energy company's stock valued at $4,332,000 after purchasing an additional 24,747 shares during the period. Ieq Capital LLC boosted its stake in shares of Shell by 24.6% during the 3rd quarter. Ieq Capital LLC now owns 71,293 shares of the energy company's stock worth $6,776,000 after purchasing an additional 14,064 shares during the last quarter. Focus Advisor Solutions LLC grew its stake in Shell by 57.7% in the 3rd quarter. Focus Advisor Solutions LLC now owns 23,675 shares of the energy company's stock worth $2,250,000 after acquiring an additional 8,660 shares during the period. Boston Partners increased its stake in Shell by 11.6% in the third quarter. Boston Partners now owns 1,234,689 shares of the energy company's stock valued at $117,392,000 after purchasing an additional 128,759 shares during the last quarter. Finally, Frisch Financial Group Inc. acquired a new position in shares of Shell during the 3rd quarter valued at about $230,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.