Equinor ASA (NYSE:EQNR) to Issue Dividend of $0.30

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 paid 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 payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 0.2%

NYSE:EQNR opened at $24.54 on Friday. The company has a market capitalization of $72.26 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 0.84 and a beta of 0.59. Equinor ASA has a one year low of $21.41 and a one year high of $28.26. The stock has a 50-day simple moving average of $25.79 and a 200 day simple moving average of $24.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. The company had revenue of $25.12 billion during the quarter, compared to analyst estimates of $23.88 billion. Sell-side analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

About Equinor ASA

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.

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