Atmos Energy Corporation (NYSE:ATO – Get Free Report) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Tuesday, May 26th will be paid a dividend of 1.00 per share by the utilities provider on Monday, June 8th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, May 26th.
Atmos Energy has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 41 consecutive years. Atmos Energy has a payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Atmos Energy to earn $8.91 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 44.9%.
Atmos Energy Stock Performance
Shares of ATO opened at $177.79 on Friday. The company’s fifty day moving average is $184.55 and its 200-day moving average is $177.16. Atmos Energy has a 12 month low of $149.98 and a 12 month high of $192.51. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 3.09 and a beta of 0.65. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.
Atmos Energy Company Profile
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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