Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced a quarterly dividend on Thursday, August 10th, NASDAQ reports. Investors of record on Thursday, August 24th will be given a dividend of 0.02 per share by the oil and gas company on Thursday, September 7th. This represents a $0.08 annualized dividend and a yield of 1.88%. The ex-dividend date is Tuesday, August 22nd.

Aegean Marine Petroleum Network has increased its dividend by an average of 26.0% per year over the last three years. Aegean Marine Petroleum Network has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Aegean Marine Petroleum Network to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 6.6%.

Shares of Aegean Marine Petroleum Network (NYSE:ANW) opened at 4.25 on Friday. The company has a market cap of $167.64 million, a price-to-earnings ratio of 4.58 and a beta of 2.25. The company’s 50-day moving average is $5.23 and its 200 day moving average is $8.82. Aegean Marine Petroleum Network has a 1-year low of $4.20 and a 1-year high of $13.10.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings results on Thursday, August 10th. The oil and gas company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.29 billion. Aegean Marine Petroleum Network had a net margin of 0.86% and a return on equity of 9.20%. The firm’s revenue was up 45.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. Equities analysts anticipate that Aegean Marine Petroleum Network will post $0.38 EPS for the current year.

Several research firms recently commented on ANW. Clarkson Capital downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $8.00 in a research note on Wednesday, May 24th. Stifel Nicolaus downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating and reduced their price target for the stock from $18.00 to $9.00 in a research note on Wednesday, May 24th. Zacks Investment Research downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. ValuEngine raised shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Finally, TheStreet downgraded shares of Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $9.67.

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About Aegean Marine Petroleum Network

Aegean Marine Petroleum Network Inc is an international marine fuel logistics company. The Company markets and physically supplies refined marine fuel and lubricants to vessels in port, at sea and on rivers. As a physical supplier, the Company procures marine fuel from refineries, oil producers and other sources, and resells and delivers these fuels from its bunkering vessels to a range of end users.

Dividend History for Aegean Marine Petroleum Network (NYSE:ANW)

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