Just Energy Group, Inc. (JE) Plans Dividend Increase – $0.10 Per Share
Just Energy Group, Inc. (NYSE:JE) (TSE:JE) declared a quarterly dividend on Friday, September 1st, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.0999 per share by the utilities provider on Friday, September 29th. This represents a $0.40 annualized dividend and a dividend yield of 6.87%. The ex-dividend date is Thursday, September 14th. This is an increase from Just Energy Group’s previous quarterly dividend of $0.09.
Just Energy Group has decreased its dividend payment by an average of 25.3% per year over the last three years. Just Energy Group has a payout ratio of 69.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Just Energy Group to earn $0.52 per share next year, which means the company should continue to be able to cover its $0.37 annual dividend with an expected future payout ratio of 71.2%.
Just Energy Group (NYSE:JE) traded up 0.69% during trading on Friday, hitting $5.82. The stock had a trading volume of 102,400 shares. Just Energy Group has a 12 month low of $4.83 and a 12 month high of $6.35. The stock has a market cap of $854.33 million, a price-to-earnings ratio of 15.86 and a beta of 1.05. The stock has a 50 day moving average price of $5.43 and a 200-day moving average price of $5.66.
JE has been the topic of a number of analyst reports. Canaccord Genuity downgraded Just Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. FBR & Co reiterated an “outperform” rating and issued a $7.50 price target (down from $8.00) on shares of Just Energy Group in a report on Friday, May 19th. HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Just Energy Group in a report on Wednesday, May 24th. ValuEngine downgraded Just Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research upgraded Just Energy Group from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Just Energy Group has an average rating of “Buy” and an average price target of $8.29.
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About Just Energy Group
Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.
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