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Galp Energia SGPS SA (OTCMKTS:GLPEY) Announces Dividend of $0.08

Galp Energia SGPS logo with Energy background

Key Points

  • Galp Energia SGPS SA has declared a dividend of $0.08 per share, with an ex-dividend date set for August 15th and payment to occur on September 2nd, reflecting a significant dividend yield of 179.0%.
  • The company's recent earnings report showed an EPS of $0.24 for the quarter, surpassing analysts' expectations by $0.08, and revenues reached $5.77 billion, well above the anticipated $3.83 billion.
  • Analysts have upgraded Galp Energia stock ratings, with several moving from "hold" to "strong-buy," signaling positive market sentiment regarding the company's future performance.
  • Interested in Galp Energia SGPS? Here are five stocks we like better.

Galp Energia SGPS SA (OTCMKTS:GLPEY - Get Free Report) declared a dividend on Tuesday, August 12th, investing.com reports. Shareholders of record on Monday, August 18th will be paid a dividend of 0.0821 per share by the energy company on Tuesday, September 2nd. This represents a yield of 179.0%. The ex-dividend date is Friday, August 15th.

Galp Energia SGPS Stock Down 1.1%

OTCMKTS:GLPEY traded down $0.10 on Friday, hitting $9.42. The stock had a trading volume of 16,439 shares, compared to its average volume of 28,451. The business's fifty day moving average is $9.35 and its 200 day moving average is $8.45. The company has a market cap of $13.10 billion, a PE ratio of 13.27 and a beta of 0.36. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. Galp Energia SGPS has a 52 week low of $6.76 and a 52 week high of $10.80.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The energy company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.08. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $3.83 billion. Galp Energia SGPS had a return on equity of 18.04% and a net margin of 4.79%. On average, equities research analysts expect that Galp Energia SGPS will post 0.75 EPS for the current fiscal year.

About Galp Energia SGPS

(Get Free Report)

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.

See Also

Dividend History for Galp Energia SGPS (OTCMKTS:GLPEY)

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