Kimbell Royalty Plans Quarterly Dividend of $0.38 (NYSE:KRP)

Key Points

• Kimbell Royalty declared a quarterly dividend of $0.38 per share, representing an annualized payout of $1.56 and a dividend yield of 10.5%.
• The company's current payout ratio stands at 109.9%, suggesting reliance on its balance sheet to fund dividends, with forecasts indicating a potential future payout ratio of 154.5%.
• Kimbell Royalty reported earnings of $0.02 per share for the last quarter, missing estimates, despite a year-over-year revenue increase of 12.9% to $86.55 million.

Kimbell Royalty (NYSE:KRP - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Monday, August 18th will be paid a dividend of 0.38 per share by the energy company on Monday, August 25th. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Monday, August 18th.

Kimbell Royalty has a dividend payout ratio of 109.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Kimbell Royalty to earn $1.01 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 154.5%.

Kimbell Royalty Stock Up 0.2%

NYSE KRP traded up $0.03 during trading hours on Tuesday, hitting $14.40. 188,196 shares of the company traded hands, compared to its average volume of 761,049. The business's 50-day moving average is $14.22 and its 200-day moving average is $13.92. Kimbell Royalty has a twelve month low of $10.98 and a twelve month high of $16.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 6.02 and a current ratio of 6.02. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -360.38 and a beta of 0.52.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.12). The business had revenue of $86.55 million during the quarter, compared to the consensus estimate of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.67%. Kimbell Royalty's quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Sell-side analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Company Profile