Viper Energy Inc. (NASDAQ:VNOM) to Issue $0.38 Quarterly Dividend

Key Points

• Viper Energy declared a quarterly dividend of $0.38 per share (record date May 14, payable May 21), equal to a 3.0% yield and $1.52 annualized.
• The dividend is currently covered but potentially at risk long-term: the payout ratio is about 84.9%, though analysts expect ~$2.04 EPS next year (an implied future payout ratio near 74.5%).
• Viper beat estimates in the latest quarter with $0.55 EPS vs. $0.45 expected and revenue of $511M (up 108.6% YoY), despite a negative net margin of 4.87%.

Viper Energy Inc. (NASDAQ:VNOM - Get Free Report) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Thursday, May 14th will be given a dividend of 0.38 per share by the oil and gas producer on Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, May 14th.

Viper Energy has raised its dividend payment by an average of 0.3%annually over the last three years. Viper Energy has a payout ratio of 84.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Viper Energy to earn $2.04 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 74.5%.

Viper Energy Stock Up 2.1%

VNOM opened at $50.95 on Tuesday. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.21. The stock has a market cap of $18.22 billion, a price-to-earnings ratio of -221.51, a PEG ratio of 1.03 and a beta of 0.42. Viper Energy has a twelve month low of $35.10 and a twelve month high of $51.11. The company's 50-day moving average price is $46.23 and its two-hundred day moving average price is $41.42.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.10. The firm had revenue of $511.00 million for the quarter, compared to analysts' expectations of $499.82 million. Viper Energy had a negative net margin of 4.87% and a positive return on equity of 2.62%. The company's quarterly revenue was up 108.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. As a group, equities analysts expect that Viper Energy will post 2.37 earnings per share for the current year.

About Viper Energy

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership's assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.