Equinor ASA Announces Dividend of $0.30 (NYSE:EQNR)

Key Points

• Equinor ASA has announced a dividend of $0.30 per share, with stockholders of record to be paid on August 29th, resulting in a remarkable dividend yield of 496.0%.
• The company's payout ratio stands at 47.7%, indicating that its dividend is well-covered by earnings, and projected future earnings suggest continued dividend coverage.
• Equinor ASA reported $0.64 EPS for the last quarter, which was below analysts' expectations, despite generating a revenue of $25.12 billion, exceeding the estimates.

Equinor ASA (NYSE:EQNR - Get Free Report) announced a dividend on Saturday, August 16th, investing.com reports. Stockholders of record on Wednesday, August 20th will be given a dividend of 0.304 per share on Friday, August 29th. This represents a dividend yield of 496.0%. The ex-dividend date of this dividend is Tuesday, August 19th.

Equinor ASA has a dividend payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Equinor ASA to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 43.8%.

Equinor ASA Stock Performance

Shares of EQNR stock traded up $0.6250 during trading hours on Thursday, hitting $25.0050. The stock had a trading volume of 2,149,904 shares, compared to its average volume of 4,141,828. The firm has a market capitalization of $73.63 billion, a PE ratio of 8.31, a PEG ratio of 0.82 and a beta of 0.59. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $28.26. The stock's 50 day moving average is $25.73 and its 200 day moving average is $24.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.37.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%.The company had revenue of $25.12 billion for the quarter, compared to analysts' expectations of $23.88 billion. As a group, research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC increased its position in shares of Equinor ASA by 725.4% in the first quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock valued at $26,000 after buying an additional 856 shares in the last quarter. GeoWealth Management LLC increased its position in shares of Equinor ASA by 254.5% in the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock valued at $33,000 after buying an additional 985 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Equinor ASA in the second quarter valued at $36,000. Montag A & Associates Inc. purchased a new position in shares of Equinor ASA in the first quarter valued at $53,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Equinor ASA in the first quarter valued at $54,000. Hedge funds and other institutional investors own 5.51% of the company's stock.

Equinor ASA Company Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.