Eni SpA (NYSE:E) Declares Dividend Increase – $0.63 Per Share

Eni SpA (NYSE:E) announced a quarterly dividend on Thursday, April 2nd. Shareholders of record on Tuesday, May 19th will be paid a dividend of 0.6313 per share by the oil and gas exploration company on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, May 19th. This is a 2.9% increase from ENI’s previous quarterly dividend of $0.61.

ENI has increased its dividend payment by an average of 0.1%per year over the last three years. ENI has a payout ratio of 49.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ENI to earn $5.40 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 32.2%.

ENI Trading Up 0.2%

Shares of NYSE:E opened at $55.45 on Friday. The firm has a fifty day moving average of $53.97 and a two-hundred day moving average of $44.45. The firm has a market capitalization of $93.60 billion, a P/E ratio of 31.87, a price-to-earnings-growth ratio of 0.23 and a beta of 0.41. ENI has a 12-month low of $28.78 and a 12-month high of $58.00. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40.

ENI (NYSE:E) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. On average, equities analysts expect that ENI will post 6.08 EPS for the current fiscal year.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.