Evolution Petroleum Corporation, Inc. (EPM) to Issue Quarterly Dividend of $0.12 on March 31st

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) declared a quarterly dividend on Tuesday, February 10th. Stockholders of record on Monday, March 16th will be given a dividend of 0.12 per share by the energy company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Monday, March 16th.

Evolution Petroleum has a dividend payout ratio of 4,800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Evolution Petroleum Price Performance

Evolution Petroleum stock opened at $4.22 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $147.70 million, a price-to-earnings ratio of 52.75 and a beta of 0.31. The firm has a 50-day moving average of $3.76 and a two-hundred day moving average of $4.38. Evolution Petroleum has a 1 year low of $3.19 and a 1 year high of $5.70.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.