Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Plans $0.12 Quarterly Dividend

Key Points

• Evolution Petroleum Corporation has declared a quarterly dividend of $0.12 per share, with investors of record on September 22nd set to receive it on September 30th.
• The company's dividend payout ratio is an alarming 4,800.0%, indicating that it cannot cover the dividend with earnings alone and is depending on its balance sheet.
• As of recent trading, Evolution Petroleum's stock price was $5.22, having traded lower than its fifty-two week high of $6.14 with a market capitalization of $179.10 million.

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM - Get Free Report) declared a quarterly dividend on Friday, September 12th. Investors of record on Monday, September 22nd will be given a dividend of 0.12 per share by the energy company on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Monday, September 22nd.

Evolution Petroleum has a dividend payout ratio of 4,800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Evolution Petroleum Price Performance

Evolution Petroleum stock traded down $0.02 during mid-day trading on Friday, hitting $5.22. 103,613 shares of the company's stock traded hands, compared to its average volume of 173,963. The company has a 50 day moving average of $4.95. Evolution Petroleum has a fifty-two week low of $4.05 and a fifty-two week high of $6.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $179.10 million, a PE ratio of -174.00 and a beta of 0.61.

About Evolution Petroleum

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.

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