Green Plains Inc (GPRE) Declares Quarterly Dividend of $0.12
Green Plains Inc (NASDAQ:GPRE) announced a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Stockholders of record on Friday, February 23rd will be given a dividend of 0.12 per share by the specialty chemicals company on Thursday, March 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Thursday, February 22nd.
Green Plains (GPRE) traded up $0.15 during mid-day trading on Friday, hitting $18.40. The stock had a trading volume of 231,273 shares, compared to its average volume of 748,439. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 0.82. Green Plains has a 1-year low of $15.60 and a 1-year high of $26.05.
Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01. The business had revenue of $920.98 million during the quarter, compared to analyst estimates of $953.30 million. Green Plains had a negative return on equity of 3.39% and a net margin of 1.70%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. equities research analysts predict that Green Plains will post 0.57 EPS for the current fiscal year.
In other Green Plains news, Director Ejnar A. Knudsen III acquired 15,483 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average cost of $16.54 per share, for a total transaction of $256,088.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne Hoovestol acquired 102,653 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $16.37 per share, with a total value of $1,680,429.61. Following the completion of the transaction, the director now directly owns 218,277 shares of the company’s stock, valued at approximately $3,573,194.49. The disclosure for this purchase can be found here. Insiders purchased 127,136 shares of company stock valued at $2,087,178 over the last quarter. 6.40% of the stock is currently owned by company insiders.
About Green Plains
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.