Evolution Petroleum Corp (NYSEAMERICAN:EPM) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Investors of record on Friday, June 14th will be paid a dividend of 0.10 per share by the energy company on Friday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 6.32%. The ex-dividend date of this dividend is Thursday, June 13th.

Evolution Petroleum has increased its dividend by an average of 26.0% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Evolution Petroleum has a payout ratio of 71.4% meaning its dividend is sufficiently covered by earnings.

Shares of Evolution Petroleum stock opened at $6.33 on Wednesday. Evolution Petroleum has a 1 year low of $5.99 and a 1 year high of $12.83.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings data on Wednesday, May 8th. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The company had revenue of $9.50 million during the quarter, compared to analysts’ expectations of $9.94 million.

EPM has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Northland Securities reaffirmed a “hold” rating and issued a $8.00 target price on shares of Evolution Petroleum in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $8.94.

An institutional investor recently raised its position in Evolution Petroleum stock. Geode Capital Management LLC grew its stake in shares of Evolution Petroleum Corp (NYSEAMERICAN:EPM) by 10.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 291,904 shares of the energy company’s stock after buying an additional 28,095 shares during the period. Geode Capital Management LLC owned 0.88% of Evolution Petroleum worth $1,990,000 as of its most recent SEC filing.

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Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.

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Dividend History for Evolution Petroleum (NYSEAMERICAN:EPM)

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