Equinor ASA Declares Quarterly Dividend of $0.39 (NYSE:EQNR)

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Monday, July 27th. Investors of record on Monday, November 16th will be given a dividend of 0.39 per share on Wednesday, November 25th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, November 16th.

Equinor ASA has increased its dividend payment by an average of 0.2%annually over the last three years. Equinor ASA has a dividend payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Equinor ASA to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 32.8%.

Equinor ASA Stock Down 4.6%

EQNR stock opened at $38.48 on Tuesday. The stock has a market capitalization of $113.32 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 2.70 and a beta of 0.06. Equinor ASA has a 52 week low of $22.26 and a 52 week high of $43.46. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $35.67 and a 200 day moving average of $34.14.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.06). The company had revenue of $34.02 billion for the quarter, compared to analyst estimates of $34.03 billion. Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%. Sell-side analysts forecast that Equinor ASA will post 4.85 earnings per share for the current year.

About Equinor ASA

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.