Eni SpA (NYSE:E) to Issue $0.58 Quarterly Dividend

Key Points

• Eni SpA declared a quarterly dividend of $0.58 per share, payable on December 5th, with a yield of 6.8% and an ex-dividend date of November 25th.
• The company has a payout ratio of 62.0%, indicating strong coverage of its dividend with earnings, and analysts expect it to maintain an annual dividend of $2.19 based on projected earnings.
• Eni reported earnings of $0.79 per share for the last quarter, surpassing estimates, with a revenue of $22.08 billion, slightly below the expected $23.54 billion.

Eni SpA (NYSE:E - Get Free Report) declared a quarterly dividend on Thursday, September 4th. Shareholders of record on Tuesday, November 25th will be given a dividend of 0.5814 per share by the oil and gas exploration company on Friday, December 5th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, November 25th.

ENI has a payout ratio of 62.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ENI to earn $3.78 per share next year, which means the company should continue to be able to cover its $2.19 annual dividend with an expected future payout ratio of 57.9%.

ENI Trading Down 0.5%

NYSE:E traded down $0.19 during mid-day trading on Thursday, hitting $35.11. 156,367 shares of the stock traded hands, compared to its average volume of 301,311. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37. ENI has a 52 week low of $24.65 and a 52 week high of $35.94. The stock has a market capitalization of $59.26 billion, a price-to-earnings ratio of 21.67 and a beta of 0.96. The firm's 50 day moving average is $34.31 and its two-hundred day moving average is $31.33.

ENI (NYSE:E - Get Free Report) last announced its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $23.54 billion. ENI had a return on equity of 8.53% and a net margin of 2.84%. On average, equities research analysts predict that ENI will post 3.74 earnings per share for the current year.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.