Eni SpA (NYSE:E) Plans Semi-annual Dividend of $0.58

Key Points

• Eni SpA announced a semi-annual dividend of $0.58 per share, with an ex-dividend date of September 23rd and payment on October 7th, reflecting a yield of 440.0%.
• The company's dividend payout ratio is 62.0%, indicating it is well-covered by earnings, and analysts predict an earnings per share (EPS) of $3.78 for next year.
• Eni reported a quarterly earnings result of $0.79 per share, surpassing estimates, with a revenue of $22.08 billion, falling short of analyst expectations of $23.54 billion.

Eni SpA (NYSE:E - Get Free Report) announced a semi-annual dividend on Tuesday, August 19th, Wall Street Journal reports. Investors of record on Tuesday, September 23rd will be paid a dividend of 0.5826 per share by the oil and gas exploration company on Tuesday, October 7th. This represents a yield of 440.0%. The ex-dividend date is Tuesday, September 23rd.

ENI has a dividend payout ratio of 62.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NYSE:E traded down $0.0850 during trading on Tuesday, reaching $34.8550. The company's stock had a trading volume of 153,349 shares, compared to its average volume of 306,269. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18. The firm has a market cap of $58.83 billion, a price-to-earnings ratio of 21.52 and a beta of 0.95. ENI has a 12 month low of $24.65 and a 12 month high of $35.46. The firm has a 50 day moving average of $33.32 and a 200-day moving average of $30.61.

ENI (NYSE:E - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. ENI had a net margin of 2.84% and a return on equity of 8.53%. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $23.54 billion. Research analysts expect that ENI will post 3.74 EPS for the current fiscal 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.

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