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

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.
  • Need better tools to track Galp Energia SGPS? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

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 given a dividend of 0.0821 per share by the energy company on Tuesday, September 2nd. This represents a dividend yield of 179.0%. The ex-dividend date is Friday, August 15th.

Galp Energia SGPS Stock Performance

OTCMKTS GLPEY traded down $0.10 on Friday, hitting $9.42. 16,439 shares of the company traded hands, compared to its average volume of 28,451. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The business's 50 day moving average price is $9.35 and its 200-day moving average price is $8.45. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 13.27 and a beta of 0.36. 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 issued its quarterly earnings data on Monday, July 21st. The energy company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.08. Galp Energia SGPS had a net margin of 4.79% and a return on equity of 18.04%. The company had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $3.83 billion. Equities analysts expect that Galp Energia SGPS will post 0.75 earnings per share for the current 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.

Further Reading

Dividend History for Galp Energia SGPS (OTCMKTS:GLPEY)

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