Coterra Energy Inc. Plans Quarterly Dividend of $0.22 (NYSE:CTRA)

Coterra Energy Inc. (NYSE:CTRA) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Wednesday, March 11th will be paid a dividend of 0.22 per share on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, March 11th.

Coterra Energy has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 4 years. Coterra Energy has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Coterra Energy to earn $3.13 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 28.1%.

Coterra Energy Trading Up 0.8%

Shares of NYSE CTRA traded up $0.24 during trading hours on Friday, hitting $30.25. The company’s stock had a trading volume of 1,944,871 shares, compared to its average volume of 11,231,705. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02. The stock has a market cap of $23.03 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 0.74 and a beta of 0.38. Coterra Energy has a 12 month low of $22.33 and a 12 month high of $32.67. The business has a 50-day simple moving average of $27.87 and a 200-day simple moving average of $25.77.

About Coterra Energy

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.