TotalEnergies SE Sponsored ADR (NYSE:TTE) Declares Dividend Increase - €0.90 Per Share

Key Points

• TotalEnergies raised its quarterly dividend 5.9% to €0.90 per share, payable October 21 to shareholders of record October 1. The annualized dividend is $3.60, representing a 4.0% yield.
• The dividend appears well covered, with a reported payout ratio of 9.9% and analysts expecting $10.85 in earnings per share next year.
• TotalEnergies reported quarterly EPS of $2.68 on $57.10 billion in revenue. Its shares opened at $90.99, near the upper end of their 52-week range of $57.39 to $94.17.

TotalEnergies SE Sponsored ADR (NYSE:TTE - Get Free Report) announced a quarterly dividend on Thursday, July 24th. Investors of record on Thursday, October 1st will be paid a dividend of €0.90 per share on Wednesday, October 21st. This represents a $3.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, September 30th. This is a 5.9% increase from TotalEnergies's previous quarterly dividend of €0.85.

TotalEnergies has decreased its dividend by an average of 0.1%per year over the last three years. TotalEnergies has a payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect TotalEnergies to earn $10.85 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 6.7%.

TotalEnergies Price Performance

Shares of TTE stock opened at $90.99 on Monday. The stock has a 50 day moving average price of $88.41 and a 200 day moving average price of $87.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. The firm has a market capitalization of $218.17 billion, a P/E ratio of 11.39, a P/E/G ratio of 3.02 and a beta of 0.13. TotalEnergies has a 52-week low of $57.39 and a 52-week high of $94.17.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The business had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. As a group, sell-side analysts predict that TotalEnergies will post 11.32 earnings per share for the current year.

TotalEnergies Company Profile

TotalEnergies SE NYSE: TTE is a French multinational energy company engaged in the production, processing and distribution of energy. Its operations span oil and natural gas exploration and production, liquefied natural gas, refining, petrochemicals, fuels, lubricants and other petroleum products.

The company is also expanding its electricity and renewable energy businesses, including solar and wind power, battery storage and electric-vehicle charging services. TotalEnergies serves customers across international markets through activities covering the energy supply chain, from upstream production to transportation, refining, marketing and power generation.

Founded in 1924 as Compagnie française des pétroles, the company operated under the Total name for many years before adopting the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

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