PBF Energy Inc. (NYSE:PBF) Declares $0.28 Quarterly Dividend

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PBF Energy Inc. (NYSE:PBF - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Investors of record on Thursday, August 14th will be given a dividend of 0.275 per share by the oil and gas company on Thursday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Thursday, August 14th.

PBF Energy has a dividend payout ratio of 220.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect PBF Energy to earn $1.40 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 78.6%.

PBF Energy Stock Down 4.0%

Shares of PBF Energy stock traded down $0.91 during trading on Friday, reaching $21.69. 4,210,877 shares of the company traded hands, compared to its average volume of 3,214,817. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 0.52. PBF Energy has a 1-year low of $13.61 and a 1-year high of $38.44. The company has a 50 day moving average price of $22.71 and a 200-day moving average price of $21.99. The firm has a market capitalization of $2.51 billion, a PE ratio of -2.53 and a beta of 0.92.

PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.19) by $0.16. PBF Energy had a negative net margin of 3.24% and a negative return on equity of 17.13%. The company had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the company earned ($0.54) EPS. PBF Energy's quarterly revenue was down 14.4% compared to the same quarter last year. As a group, equities research analysts expect that PBF Energy will post -1.12 earnings per share for the current fiscal year.

PBF Energy Company Profile

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.