Eni SpA (E) To Go Ex-Dividend on September 22nd

Eni SpA (NYSE:E) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.6276 per share by the oil and gas exploration company on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 22nd.

ENI has increased its dividend by an average of 0.1%annually over the last three years. ENI has a payout ratio of 49.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ENI to earn $5.62 per share next year, which means the company should continue to be able to cover its $1.73 annual dividend with an expected future payout ratio of 30.8%.

ENI Price Performance

Shares of NYSE E opened at $54.60 on Friday. The stock’s 50-day simple moving average is $53.78 and its 200-day simple moving average is $52.92. The firm has a market capitalization of $92.17 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.23 and a beta of 0.38. ENI has a fifty-two week low of $34.03 and a fifty-two week high of $58.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.23.

ENI (NYSE:E) last announced its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The firm had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $27.93 billion. ENI had a return on equity of 11.27% and a net margin of 6.51%. As a group, equities research analysts forecast that ENI will post 6.19 EPS for the current fiscal year.

About ENI

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Founded in 1953, the company operates across the energy value chain, including the exploration, development and production of oil and natural gas, as well as natural gas marketing and liquefied natural gas activities.

Eni also operates refining and chemicals businesses and has expanded into lower-carbon energy and related services. Through businesses such as Plenitude and Enilive, it provides renewable power, energy retail, electric-vehicle charging, mobility services, biofuels and other products designed to support the energy transition.