Shell PLC Unsponsored ADR (NYSE:SHEL) Declares $0.72 Quarterly Dividend

Key Points

• Shell PLC announced a quarterly dividend of $0.72 per share, with the ex-dividend date set for August 15, and payments to be made on September 22.
• The company has a dividend payout ratio of 40.9%, indicating strong coverage by earnings, and analysts project it will maintain a payout ratio of 35.9% next year.
• Shell's quarterly earnings showed an EPS of $1.42, exceeding estimates, and the company is authorized to buy back up to $3.50 billion in shares, signaling confidence in its stock value.

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) declared a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Friday, August 15th will be paid a dividend of 0.716 per share by the energy company on Monday, September 22nd. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th.

Shell has a dividend payout ratio of 40.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Shell to earn $7.97 per share next year, which means the company should continue to be able to cover its $2.86 annual dividend with an expected future payout ratio of 35.9%.

Shell Stock Performance

Shell stock traded down $0.25 during trading hours on Wednesday, hitting $72.16. 3,482,253 shares of the stock traded hands, compared to its average volume of 4,772,084. Shell has a 1 year low of $58.54 and a 1 year high of $74.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The stock has a market capitalization of $213.30 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.92 and a beta of 0.44. The firm's 50 day moving average price is $70.68 and its 200-day moving average price is $68.06.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.13 by $0.29. Shell had a return on equity of 10.67% and a net margin of 4.93%. The firm had revenue of $66.44 billion during the quarter, compared to analysts' expectations of $69.31 billion. As a group, equities analysts expect that Shell will post 7.67 EPS for the current fiscal year.

Shell announced that its board has authorized a share buyback plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the energy company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.