Noble Corporation PLC to Issue Quarterly Dividend of $0.50 (NYSE:NE)

Noble Corporation PLC (NYSE:NE) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Wednesday, March 4th will be given a dividend of 0.50 per share on Thursday, March 19th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, March 4th.

Noble has a payout ratio of 71.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Noble to earn $4.31 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 46.4%.

Noble Price Performance

Shares of NYSE NE opened at $45.45 on Monday. The company has a 50 day simple moving average of $35.83 and a two-hundred day simple moving average of $31.65. Noble has a fifty-two week low of $17.40 and a fifty-two week high of $47.44. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 33.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.67 and a current ratio of 1.67.

Noble (NYSE:NE) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06). Noble had a return on equity of 2.34% and a net margin of 6.60%.The company had revenue of $764.41 million during the quarter. During the same quarter in the prior year, the firm earned $0.56 EPS. The firm’s revenue was down 17.6% compared to the same quarter last year. Analysts expect that Noble will post 2.99 EPS for the current fiscal year.

Noble Company Profile

Noble (NYSE: NE) is an offshore drilling company that provides drilling services to the global oil and gas industry. The firm operates a fleet of mobile offshore drilling units and delivers contract drilling solutions for exploration and production activities. Its core business centers on executing drilling programs for upstream energy companies across a range of water depths and operating environments.

Products and services include the operation and management of offshore drilling rigs — such as drillships, semisubmersibles and jackups — along with associated technical, engineering and project management services.